"Market in turmoil" / "DJIA down for the year after 274-point rout" / "Markets dive as jitters grow"
Unless you were taking my course.
On 5/21/12 my students were instructed that a bearish wave is likely to form. They were given the precise rules and valuable lessons.
On 5/22/12 I showed them how to lay out the 5 points and identify the proper time frame. This wave was going to be big!
On 5/24/12 price had 4 of the numbers filled in and we were awaiting a rally that would take price to the 5 point.
On 5/29/12 the price finally reached the 5 point and immediately ran into resistance, where expected and began to fall.
On 5/30/12 we observed a falling market that found some support, where expected.
On 5/31/12 we observed the market again declining but finding some support, where expected.
On 6/1/12 we witnessed an out-of-balance market racing down for the target line. DJIA down 274 for the day.
As of this writing the S&P is down over 60 points since selling off, as expected, in the "sweet zone."
Scary for some, but not the five students that I was teaching.
On 5/21/12 my students were instructed that a bearish wave is likely to form. They were given the precise rules and valuable lessons.
