This appears to be a failed 4 week cycle upturn and an extended decline out of a failed 13 week cycle bottom. The earlier projections for the lows were hit. Crashes happen when bottoms fail to materialize where they should. Confidence collapses, which is then compounded by margin calls. As a result, there are new,…
The post Bad Ticks Get Revisited and Crashes Develop When Bottoms Fail was originally published at The Wall Street Examiner. Follow the money!