Mexed Missages

UPDATE 1:39pm EST: Nice little divergence in trajectory happening:

My book of evil market curses tells me that there is something iffy on Wall Street. Our intrepid XLF continues its trajectory down while the Spiders pretend to rally up. My line in the sand stands (highlighted in yellow).

BTW, attention Zero-Mart shoppers. The Zero stream now includes the Zero Lite on the right side of the chart – in isle 19.

Shop smart – shop Zero-Mart 🙂

Best fucking B-movie EVER!

Klatu Verata Ne^%$@(*!

UPDATE 2:17pm EST: Okay, let’s get serious. We might have ourselves a running flat at hand here:

As I’m typing this we are breaching that line in the sand. The maximum retracement allowed for a flat is 165% of wave A, which would get us to roughly 72.60 on the SPY. The SPX looks a bit different – more like a regular flat.

Of course there’s another way of counting this in that the spike down was the bottom of 3 of (5) and that we’re now starting 4 of (5). Well, we’ll know pretty soon if we breach that 2nd line I marked on the chart.

I’m still not very excited – don’t feel like trying my luck on those little gyrations. But maybe that’s what we’ll get for Minor 4 – just some slow grinding up. Which reminds me to schedule an afternoon with Candy down at the Korean massage parlor.