Internal initiation will lead to lower prices ...

The following chart is from yesterday. Nasdaq McO hit the lowest level since the crash of Oct 2008. This internal initiation will lead to lower prices over the next 2 months. We got an oversold bounce today as predicted but somehow it extended little bit than I initially thought. No worries, the bottom shall fall out in a few days...




Meanwhile retail crowd appears to be confident that the rally will continue. We shall see.