Elliott Wave 5.0 "Reboot"

Monday, April 4, 2016

Mini DJIA Intraday Review: Is It Finally starting To Roll Over?

Well, it looks impressive and only time will tell if there is more to it than meets the eye. If this decline would have started with much more of a choppy ride, the chances are good that we are into just another correction. Even now it can be with impulse waves forming we can be in a correction it just may take us more time to play out. 

There is no support I can give if we are in a Mini 1929 move or a Mini 1987  like crash.   Any major support may come under 15,400 as the entire 2016 bull market could be a fake, and fake runs always get retraced by 100% or more. 

The markets have been so slow and I don't what it will take to, "Shake it Up". I little panic sure would help but we need more than what we have had this morning.

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