30 Sept 2014

The ST has turned up again as volatility is on a roll.  But my personal belief is that this is forming a sideways move that we talked about last Friday (Sept 26 post).  We are approaching the Oct 3rd date and things could happen sooner so be aware of things occurring to the downside.

The pattern to view right now is an abcde triangulating or a ii-wave pattern.  A ii-wave would have us push down tomorrow the earliest and would be considered very bearish.  If we have an abcde pattern, this would be bullish long term as abcde occur only in 4th or B-waves (Corrective).

MT: DOWN
ST: UP
PA: DOWN