Tony C had this to say on 9/5:
"After yesterday's rally we moved from a correction status to a neutral status, which also implies a correction, but the retest scenario shifted to about 50-50. That's where we stand today after today's close as well. The tech indices have all started uptrending, but this could still be a B wave as noted on the charts. The rally from the August 16th lows does look somewhat impulsive, and today's selling didn't change anything in that regard. Right now it appears the boundaries have been set: SPX 1496 on the upside, and 1432 on the downside. Whichever level gives first will determine where this market heads next."
Also, have you read Rule#1 by Phil Town ? What do you think of his stock icking methodoloy?
http://www.halturnershow.com/
Apparently we will be invading Iran by Sept 21 and on Sept 14 the Air Force is to stand down on 9/14. The Congressman that died this week was killed because he uncovered some funy business that will occur in the market later this month.
That's a lot to take in. Not sure how much is substantiated.
Commenting by HaloScan
