Sunday, November 16, 2008

At the edge redux

Well, after heavy selling late last week we are back at the edge. See last Wednesday's post for more on the details of that. I'm still expecting a big rally, noting the positive divergence in multiple indicators. But the possibility of a big break lower must be taken seriously and I would point you to moontrader's work which I thought was interesting. He's seeing a spiral in time, a Fibonacci series pointing towards a major bottom on 11/24 - 11/26.


pythagoruz said...

And off the cliff we go!

Anonymous said...

No rockets today!!