Corrected version put on PSITE ( Intra), Waldo ! are you OK?
John, ALl fine? at least some?
10:58 ET, if you are overexposed to metals, non-core positions I mean. Please start selling them. Higher the gold goes more you sell. Good Trading
11:14 ET, Bottom could be right around here, turn time 11:10 +-15min
11:39 ET, We seem to be lifting here and we do not want to see new lows in SPX today. If we do, it could mean a continuation on the downside.
14:32 ET, Everybody please note that YEN has not made any new lows after the time I announced possible turn. Market needs to hold the lows so far and any new lows are not to be seen. Then we have a chance to make a double bottom here and stage a rally of few days which should be followed by retest and perhaps break down to 1070SPX/9999DOW. These were/are the scenarios I described as possible ones few days ago.
14:59 ET, pay attention rocket maybe coming! Not much time left, but It is possible. Nobody would have believed the low would today, but it did so far. In any case, formation looks like a double bottom on a two day bases. For the first scenario ( rally and retest to work out) Last two days low should hold
15:39 ET, Ok it is not going turn around , but did not break down either. It is possible for beasts to react to this and generate a change. We shall see in tomorrows data
15:40 ET, Ok we did break down. Now the Scenario two looks more promising? In any case, you see one can not trade every situation. If you followed MDS and are short where it said ( or followed me and shorted where I said to short , around 1300) you can wait out any scenario and wait for your reward. If you are looking to go long though , then you have a tough time. Only accumulation is suggested until we have reached a hard washout. As I indicated in my comments today. What we had so far WAS NOT A WASHOUT. I was partial to the first scenario, but it looks like we are in for the Second one. Well, that shows that, at least, I can not help you every day. I can only help on specific days and if you do not do that on that day then the task becomes difficult at best.