Replies to post #49614 on Short Term Trading Member Forum

[DowDeva]

Hi J,

I was becoming very hesitant about a decline next week as many expert traders were bearish going into next week, but that seems to have changed, so I am still betting more down next week.

Maybe a lot more down, to SPY 266-262.

However, having said that, there are several bullish divergences building the contextual complexity we need for a doable bottom on breadth charts, transports have double bottomed, $NYMO looks to be building a low above lows pattern, etc. So, my feeling for more down is partially intuitive, that we haven't seen the end.

As you said, maybe 'whipsaw city'.

Best regards to the board.

~D

[jglider]

just keep thinking whipsaw, but the catapult is forming,

When catapults play out they can take a couple days to complete the formation