The counter-rally continued today and made a high of 1947 before pulling back to close the day on a positive note. Like yesterday, it is interesting to see oil plunging to new lows while equities rally. My guess is whenever oil finds a bottom, that's when probably the stock market will be able to reverse the long term bearish trend. But this will take some time since oil might not find a bottom until it is in the $20's. For now, I am looking forward to $2 gas!
Thank you all for posting the winning numbers for this Wed Powerball. These are the numbers I will be playing tomorrow. If you haven't submitted your numbers, do so by tomorrow.
FR - 6 20 23 31 54 69 PB 13
Jupiter - 1, 11, 37, 43, 44, and 9
Hem - 15, 34, 25, 44, 28, and 24
Ben - 1, 3, 9, 11, 17 and 24
BG - 15, 30, 38, 53, 62/63 Powerball Either 6 or 20.
GK - 03 05 11 15 30 and 02
P.D.W - 4,5,17,33,36 and 11
WR - 8, 10, 24, 37, 52 and 14
Paul - 17 21 28 34 45 59 and 16
Martin - 1, 2, 22, 25, 28 + 21
Trader S - 25, 29, 42,43, 55. Powerball 23
Charl . L - 55,14,8,39,7 and 13
For further analysis on the NASDAQ, DJI, RUT, Gold, Silver and Oil please visit http://www.ewaveanalytics.com
Short Term Trend = Bearish
Medium Term Trend = Bearish
Long Term Trend = Bearish
* Trends are not trade signals. Trends are posted for situational awareness only and does not take into account wave counts, technical or fundamental conditions of the market. While mechanically trading the posted trends is feasible, keep in mind that these are lagging indicators and as such are prone to whipsaws and I personally do not use nor recommend them to initiate or close positions in the market without taking into consideration other factors.
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