I have been asked questions about my most recent post. I think, I might have not been clear enough.
What I stated was that, I expect a CIT on 09/27 (or 09/28 the latest) which will cause the stock market to retest the recent lows. I think we already had started the CIT on 09/27 in the afternoon. That retest, is very likely to happen sooner than most think.
Important Price Levels to Watch: The Most recent low (on 09/22), of Dow Jones Industrial and S&P-500.
Once These lows are not violated and they kept their support, then we shall experience a rally, which shall last several weeks, at least 4 weeks.
However, if these lows give in then the BOTTOM shall fall off and Markets shall dive into downward spiral, sharply and very fast.
2 comments:
How low will we be expecting to see ? Time frame ?
If you review some of old posts, with more specific time cycle, even leading upto next year.
You shall get the idea.
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