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Stock Market Crash Fractal Pattern Complete

Stock-Markets / Financial Crash Dec 22, 2012 - 02:39 PM GMT

It appears that the first crash fractal is complete. SPX and the rest of the market should resume the decline into the close. The next item to be challenged is the trading channel trendline and hourly mid-Cycle support at 1422.58. It is hard to say how much progress may be made before the close today, but if the SPX is in a minute or minor wave [iii], then we should see a sizeable gap down on Monday morning to move us on our way to the trifecta of supports, the Orthodox Broadening Top, the 200-day moving average and daily mid-Cycle support, all at 1388.00.

I won’t be sending out any communications again until Monday, because of the holiday weekend. I hope you and your loved ones all have a joyous Christmas and a Happy New Year!

Regards,

Tony

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As a State Registered Investment Advisor, The Practical Investor (TPI) manages private client investment portfolios using a proprietary investment strategy created by Chief Investment Officer Tony Cherniawski. Throughout 2000-01, when many investors felt the pain of double digit market losses, TPI successfully navigated the choppy investment waters, creating a profit for our private investment clients. With a focus on preserving assets and capitalizing on opportunities, TPI clients benefited greatly from the TPI strategies, allowing them to stay on track with their life goals

Disclaimer: The content in this article is written for educational and informational purposes only. There is no offer or recommendation to buy or sell any security and no information contained here should be interpreted or construed as investment advice. Do you own due diligence as the information in this article is the opinion of Anthony M. Cherniawski and subject to change without notice.

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