[Update at 5.33pm- Changed the SP500 chart - I posted the wrong one earlier]
First some humour to make up for a sucky day:
- I am thinking of changing the name of the blog, from “A Part of NY”, to “Clueless in Manhattan”.
- My counts have been so bad lately I am thinking of applying for a job at EWI.
Anyway humour over – this week should mark where we are going- we are either going to go down hard, or we are going to continue living in the matrix and the rally will reignite itself. Tommorrow needs to be a down day or most of my charts below will be questionable.
Okay here are my primary charts updated.
First the Russell 2000. Once the market opened today my friday call was immediately invalidated . I expect this one to be better.
Now the updated count on the SP500. I have redone this as a (a)-(b)-(c) from Feb 5 with wave (c) completing an expanded flat, the final wave 0f (c)either completed today or will very soon.
A look at the dow
Another look at the down based on my ultra bearish chart (click here to read).
