Here is my best random video impression of tonight's Fast Money Word on the Street...
That's what I heard anyway. (Hat tip Nova Mirabel for her fine, fine Karen Finerman impression!)
Given sobering news after the bell it's hard to imagine tomorrow beginning anyway but soft...
Again, this seems a reasonable flavor of things to come. Wave (b) labeled above is the second in an (a)-(b)-(c)-(x)-(a)-(b)-(c) complex corrective wave forming wave (2).
Formation of this second wave (b) (beyond that shown above) might involve further sideways trading before wave (c) higher proceeds to end wave (2) ... which then could usher in a period of panic and a long interest at grave risk of early dementia: wave (3) of (C) d-o-w-n hard.
An Elliott "third wave of a third wave" (i.e. wave (3) of (C)) offers a spectacular show to those in the know.
And that you are.
(p.s. It stands to reason a complex corrective wave, such as wave (2) appears now to be, should precede panic. Such reveals strong hands maintaining capacity to continue their distribution as best they can.)
* * * * *
© The Risk Averse Alert — Advocating a patient, disciplined approach to stock market investing. Overriding objective is limiting financial risk. Minimizing investment capital loss is a priority.
Analysis centers on the stock market's path of least resistance. Long-term, this drives a simple strategy for safely investing a 401(k) for maximum profit. Intermediate-term, investing with stock index tracking-ETFs (both their long and short varieties) is advanced. Short-term, stock index options occasionally offer extraordinary profit opportunities when the stock market is moving along its projected path.
Nothing is set in stone. Nor is the stock market's path of least resistance always known. More often than not, there are no stock index option positions recommended.
There's an easy way to boost your investment discipline...Get Real-Time Trade Notification!
