Thursday, August 4, 2011

Single worst day loss since 2008 - a chart technician's dream come true

Good morning!

You just woke up to a MAJOR day in global markets. The S&P500 puked its guts out and Asian markets are going to BLEED! The Head & Shoulders pattern broke down 2 days ago, tested and failed the neckline and then hit its downside target within 2 days with a 60 point drop in the S&P500! Amazing volatility!

What was highly possible became real in just the last TWO days!!!

The MadScientist

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