I strongly believe that the charts often speak themselves,
you
just need to look at them from the right angle and at the right moment
- JB90
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12/01/2000
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Nearing panic sell-off ... |
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Current sell-off is nearing to the final capitulation phase, characterized by a huge spike in Volume and a big one or two days drop in prices usually making new 52-week lows. Today's action is fueled by increased fears of public and an avalanche of margin calls. Meanwhile, we see clear bullish divergencies and our wave counting
hints us that we'll probably have the end of the current sell-off near
2300 mark. Good luck, Subscribe to our newsletter
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