Dow 30 Aug 08 to Aug 12 Outlook

By News Robot

Lawrence’s Comment

Recap
New low on Monday confirmed the bearish scenario of 8 waves down to come. The 3 sell waves down completed by Friday.

Outlook
Again, if we get a bottom formation on Monday, the selloff is over. If it fails to snap out of that, we get 5 more sell wave within a week.

This week due to the S&P downgrade, potential Fed and G8 inventions will throw all markets into chaos. See this and the related articles as the situation develops over the weekend.

Share

  • You must be logged in to comment. Log in