I am a bear at heart (I will even accept the term permabear). This count would make me very happy :)
[excerpt of conversation with creepy below. More explanation of why I posted this count] :
>>but very carefull with range 1153/1147...
I totally agree. There will be a strong bounce there if the market creeps up on it. But that is where this thought came from: What if the market wants to bust through it decisively?
It saved up a lot of bearish potential energy by not rushing down to 1150. The move is nowhere near oversold and down breadth is increasing. This is what had me more seriously pondering this count.
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9 months ago