Monday, December 8, 2014

DJIA giant teetering...

Nobody knows what will happen in the future but my 3 top models are shown below.  If the green model plays out I can see a count which could leader to very slightly higher highs but it is not my primary count.  Regardless we are either at or within a few short trading days of a significant reversal wherein euphoria rapidly turns into panic selling.  These markets are not strong at all; they are weak and thready by virtue of being low volume.  When the selling begins in earnest we will see there are only pitchers and no catchers.  There are no shorts left in this market to cover.  In other words, they have been manipulated to an extreme that has never before been seen. 

TVIX/UVXY will soon triple from current levels.


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