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DowJonesDave

Consolidation and slowing of momentum

Started Aug 12 at 5:57 ET (By DowJonesDave)

Symbols: QQQQ

As the markets digest the bad news abounding throughout the world. and investors (traders) realize that the troubles aren't over, the markets will probably now consolidate. I'm expecting a formation with a slight uotrend for a bit, to be followed by the final bear sell-off. This has been a bear rally, and there is no chance for the stock market to continue any sustained advance in the face the credit singularity (black hole). A singularity sucks everything into itself, and that's what's happening, and it's only part way done. Systemic risk of large proportions exist within all economies worldwide and will be realized. The ezplosion has only just begun and the trigger's already been pulled.

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