My ORIGINAL CALL FOR 1190 was exactly correct, but I backed away from it.
|Aug 25th @ 9am|
THE Morning calls for ADVERSE trends
JOB claims - A Dead issue
STEVE JOBS - resigns - does that qualify for Sudden tailspin?
As often happens because the CLOSE is MUCH more difficult when to END the EKG as it a continuous stream-
many times -A LOWER CLOSE gets ROLLED OVER TO THE NEXT DAY.
And it certainly looks that way today.
I dont think the REBOUND shown MID DAY above will be as dramatic as it looks on the EKG, but the CLOSE Should end lower on the day
TOMRROW's OPEN is already indicated as HIGHER, but BEN speaks at 10am and HE will throw MORE COLD water on the MKT just at the RIGHT TIME , for further declines into Fri Close
GET READY FOR MONDAY, STOCKS should OPEN WITH a BANG HIGHER
IF GOLD DOES RECOVER Some in the NEXT 2 days, as opposed to stocks
Monday could see gold DROP up to $300
13hours = HIGH at or before 10am
Ed cycle highs today
they dont have to be higher highs - can be rebound highs
126B @ 11:30
150b@ 1:30 or 156b @ 2
180B @4pm should carry the close lower
thus giving the open tomrrow an easy run higher on HOPE that BEN B has something up his sleeve