Insane Asylum Trade ~ The Risk Averse Alert

Friday, December 02, 2011

Insane Asylum Trade

Once five wave up from last Friday's close complete there are a number of possibilities forward. All point down, and all point down hard (i.e. wave (3) of C) sooner or later...

NYSE McClellan

Best case, wave (2) of C still is forming. Five waves forming wave C [down] are projected to sink major indexes to levels last seen in the 1987-1994 period.

NYSE McClellan

Worst case, wave 2 of (3) of C is near completing and the hour of chaos is at hand. No doubt, the McClellan Oscillator is ominously poised. For a point of reference see late-July.

Of course, there's more euro-fantasy to milk in complete delusion that, an EU fiscal union can be achieved under the weight of an oppressive debt imposed by financiers and their so-called "regulators" exercising zero due diligence for decades. So, a day or three more spent essentially going nowhere is reasonably expected. After all, residents in an insane asylum are expert at it, with the likes occupying lower Manhattan having for well over a decade now perfected the art.

Fast Money
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