BUSTED RISING WEDGE WITH STRONG DOWNSIDE VOLUME
ARMS on the FIRST DECLINE of 3.23
9 / 1 DOWNSIDE VOLUME -
90% DOWN VOLUME on the FIRST DAY -off the TOP
THAT stat does NOT BODE WELL for the near term.
AND what about TOMORROW ??
Thats EASY when YOU have the EKG in front of you-- see the lower graph
As of right now, we can see a LOW occurring at about noon to 1:30pm
cant tell about the close yet, but 30 bars at close could override the 258 bar pivot at 1:30.
SURE- JUST when YOU thought it was safe to get back in the water, some one pulls the plug
FED spoke up at just the wrong time, OR WOULD IT HAVE DROPPED ANYWAY.
I JUST SENT OUT A NUMERICAL STUDY of the SPX over the past 5 years
WHICH CLEARLY points OUT PRICE LEVELS that indicate TURNS.
the OUTCOME showed the SPX - DOW- DJT- DJI - RUT - NDX & NASDAQ
ALL MET the CRITERIA for indicating a TOP -yesterday, FEB 19th, 2013.
VPN members got that chart yesterday
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