Monday, December 1, 2014


See the TrendX chart in the right side panel>>>.
A pretty dramatic reversal today thanks to China and uncertainty about Europe's prospects.
Some early program trading gliches (remember the Knight's Tale post) sent Apple down 6% early on and down 3% in the course of a minute as program trading went into meltdown mode.
Retail and tech got the worst of it today as silver and gold recovered all of their 6% losses on Friday. A wild ride to say the least and we are now positioned on M3 to capitalize on a follow through move,
Friday's late flash crash of the XIV was a strong telltale that today's bear trap was about to spring.