Curtain Call For Soylent Green
Curtain Call For Soylent Green
Ladies and leeches – the bad news is that the bears are looking at a money shot right into their eyes again – the good news is that we should have clarity shortly. Here’s my updated map:
Now IF this is Soylent Green then we are in the 2nd wave of Minute C (mistakenly labeled as Minuettes on the chart – sorry – will fix that later). Which means that we cannot breach yesterday’s high of 1210.99 on the SPX. The second we do it’s Soylent Blue all the way, baby.
See, that is a good example of when EWT comes really handy – no, it has seemingly little predictive value calling tops/bottoms, but the rules are pretty clear and reliable when it comes to certain thresholds being breached. Anyway, I don’t see anything bearish anywhere right now, so unfortunately my money is on the bulls right now. Sorry – the truth hurts, I know.
UPDATE: Here is some post session entertainment for you guys:
Cheers,
Mole
P.S.: I would also like to make a slight correction to gmak’s intro: Dick Fuld demonstrated beyond doubt that he… lies whenever he engages his vocal cords.