Corrections usually end on very very bad news. Sentiment the last week has gotten insanely bearish. You know the bottom is near when even Bob Psiani and Maria Bartiroma are getting scared. Hell even Cramer is pulling up charts and pointing out all the bearish indicators. I suspect the bottom will get put in with some dire news out of Greece this week.
The ACD Method
- Thread starter sbrowne126
- Start date
I'm going to make a prediction. I bet we put in a low when AAPL prints 525. It could easily do that in one or two sessions. I think that's the magic number. AAPL flushes and puts in a big reversal day and there is your bottom. Only 20 pts away.
Funny, thought the same when I saw "Off the Charts" today, lol. Cramer's getting short? Bottom
We'll see. I'm still thinking something happens in that OR for the SPY, (probably about lines up with the 525 call in AAPL).
Now, something interesting I happened upon today:
http://www.youtube.com/watch?v=qJx_Lrwop1Y&feature=youtu.be
Love it! Nice find.
Lower lows, lower highs, so far so good!
What's at 1290 and 1308? Where are you guys getting these levels?
Next major level is unched on the year. That level is 1260 on cash.
Next major level is unched on the year. That level is 1260 on cash.