IT doesnt take a ROCKET SCIENTIST to SEE just how VULNERABLE the market is to another 1000 pts LOSS on the Dow Jones index NEXT WEEK.
INTERNAL TECH DATA is oversold, but it is JUST AT A TIME like this when we can get the most serious declines.
Elliott wave view shows the market in a potential serious "C" wave which could challenge
the previous June lows at 1266.
Internal tech oversold data was actually alleviated Thsday with a one day ARMS of .60
and my XL Spread sheet re iterated another SELL SIGNAL
Heres the graph that shows exactly whats next.
SPX at 1350 is the break down to the next major support level at 1266.
Stay Tuned for further updates
Jay
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