Thursday, July 30, 2015

Once In a Blue Moon: From Manic to Panic

Elliot Third Waves at multiple degrees of trend, are extremely rare and devastating. They speak to a Social Mood that has gotten way ahead of itself.

They occur only once in a blue moon.

Which happens to be tomorrow.

I don't make this shit up.

Dow:



The S&Ps waves can best be seen via the internals (% of stocks above 200 day moving average) which are trending lower:



"Someone" was impatient and didn't want to wait to see how this shit show ends...
Up volume / Total volume:
Volume is increasing on down days and decreasing on up days (aka. short-covering), as the market gets weaker and weaker...




Shit wants to break