Wednesday, July 6, 2011

My analysis that people are referencing, actually showed a downward thrust for 5-9 days, then back up after 9 days with most occurrences up for the next 6 weeks.

With that said, I personally am rather bearish and have most of my dough on the sidelines right now.

The way I look at it, we have 1 of 2 occurrences ... We either sit more or less still for a few days for the market to build a base and absorb the fast movement that we had ... Maybe down by 1-2 percent at most, and more or less stable ... Or ... We fall hard.

I don't see a huge upthrust without a consolidation first.