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Friday, March 16, 2012

Everything's Coming Up Crabs: March 16, 2012

ORIGINAL POST:

You can go whole days, even weeks without seeing very prominent harmonic patterns (Gartley, Bat, Butterfly, Crab being the most common.)

So, it's really creepy to see just about every index I chart complete bearish patterns -- all at the same time.   I take this as a sign that we've reached an important top, though I'm not sure if it's the end of Minor 2 or a smaller subwave.  In any case, look for a significant downturn as soon as the usual OPEX nonsense has passed.

In no particular order, here you go:

COMP
DJIA
SPX
RUT
I'll post more after the close.