Friday, November 2, 2012

In my bones I feel a crash coming very soon.  As I stare at the Russel 2000 I can not imagine any other scenario short of a massively bullish  break out to new highs (which I don't see happening) so that leaves a sudden and violent discontinuous move price wise. Any normal pull back from here the way the chart has drawn itself just doesn't seem possible visually. That only leaves a sharp crack lower something in the order of what a scribbled on the chart. Nothing scientific here, no system, this is just a result of drawing the weekly chart with various outcomes and posting the one that seems to make the most sense in a time and space  kinda way....

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