As we can PLAINLY see the TREND for NOVEMBER has been DOWN and according to theENERGY for THIS month, it has followed that trend quite well
PLEASE DONT EXPECT these graphs to SHOW every NUANCE daily
MY crystal ball is just NOT that good
however, the day traders EKG is STILL capturing DAILY activity with 70% accuracy since March 24th.
IS the MKT impulsing lower ?
Is it wave 1 of a NEW DOWNTREND into 2012
IS it only a 4th wave to FIB support, and a run back to 1300??
All good questions
but for now the trend for Nov is DOWN as shown above
and it can be just as relentless going down as it was in the uptrend,
and in fact we ALL know, downtrends can be brief but serious-
they come down faster and harder than they rise.
more later
Jay
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