"The MC is suggesting to fasten your seat belts as we should see a "take no prisoner's" move."
"Take no prisoners" means it will be a relative large and fast move. Most will be stunned and will not know what to do and be unable to get on or off, like a deer in headlights."
"Take no prisoners" means it will be a relative large and fast move. Most will be stunned and will not know what to do and be unable to get on or off, like a deer in headlights."
The "take no prisoner's move" has begun.
8 comments:
Raj,
Have been short the S&P since the close of last Friday. While there will be bounces, it appears we should get down in the area of 1170 to 1200 over the next 2-4 weeks. Do you see a bigger decline.
Then it appears we go back to a higher high above the 1340 level on the S&P.
Thoughts?
We'll see what unfolds, first tomorrow is a MOB Day for the MC, it needs to be a down day, otherwise it will be put onhold
Will you abandon your take no prisoners move if we end the day positive.
Yes, most likely as the MC will be put onhold
The MC is allowed to be 1 Day off, but whether we reverse today or not, we still made a wave 1 lower and this is a wave 2 rally in progress, ie we should still see a large wave 3 lower into next week, once it is complete.
Was the move supposed to be up?
We are still in a wave 2 or B correction higher, once complete, we should resume the down trend
The MC is on hold, but we saw a short term High today 3/1.
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