Beware The Crazy Person Who Expects a Down Swing
How could any one expect a down move in a market that refuses to sell off.
If we get a down swing, it may be on the back of the idea that there will no slow down in QE by the FED or maybe (hope not) shots have been fired in the Ukraine.
What ever the fundamental story that gets the blame, another down swing in the market is due. Support will be tested and if it busted the SP500 (!MMI) could sink break serious trendlines/Gann Angles.
The !MMI or the NYSE major market index is a great index to follow the swings. Made up of 20 large cap stocks that tell the true trend.
Watch out for a swing down!
"Vibration is fundamental; nothing is exempt from this law; it is universal, therefore applicable to every class of phenomena on the globe." ~ William D Gann
"October: This is one of the peculiarly dangerous months to speculate in stocks. The others are July, January, September, April, November, May, March, June, December, August and February." ~ Mark Twain