12 Aug 2014

We are at the gates of a recessive time frame and once we enter the door behind it closes and we could find ourselves in that room for quite some time.  I am changing the MARKET sentiment today to a warning for a bearish sentiment, that I should have changed at the beginning of the week Monday.  Therefore we should be careful of what prices and trend are telling us now.  I still do not have the reset that I am looking for, but these warnings should not be ignored.  Yesterdays candle bar also sported a reversal candle which I failed to mention, so only a price rise above it would negate the candles sentiments.  Our ST still remains UP, but a turn down of that sentiments should be acted upon so that risk is minimized.

MT: DOWN
ST: UP
PA: DOWN

A break and close below 1919 will bring us down to 1825.