Replies to post #38178 on The TradingEdge

[jxyzobrien]

Daily looks like this is 4
Exhaustion volume down and decent volume up.
wave 2 was 36
so wave 4 is 22 now
or
we just completed a large ABC down
Now doing 5 waves up to new highs

That huge red candle will take multiple attempts to get thru
that is certain

There is absolutely no way to know.


http://stockcharts.com/h-sc/ui?s=%24SPX&p=D&yr=0&mn=4&dy=0&id=p66411624310

[jxyzobrien]

just got back from pharmacy
they really sold it. this could be just subwave 4 and new lows
to finish up.

looks like reality setting in healthcare DOA. this market has become
Disneyland with valuations that are just out of wack.

Selling of stocks 5-1 by insiders eventually has to play out.
Like i posted earlier europe is even selling s and p.