Thursday, February 24, 2011

Three Black Crows?

It's past midnight in California, and do you know where your S&P500 E-mini is at?

It's down 9.5 points (or 0.79%). The reason? I don't know. Asia was down big on Thursday, except for Shanghai and Taiwan, although the gains were very modest.

But if tomorrow is another big down day, the three-day pattern may resemble "Three Black Crows", which could be a harbinger of a much more serious correction.

GL. Be safe.

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