The picture could not be clearer. All of the prior flash crashes have begun after the 200-day moving average has been violated and retested. In the past, the 200-day moving average (1382.45) has been in sync with the lower trendline of the Broadening Top formations. This time it has made the decline deeper and longer.

Last week I had mentioned that the cycles were speeding up. The current cycle (low to high) appears to be 6 hours long. If the cycles continue at that length, we may have an approximate 2.5 day decline ahead of us. If so, this will not be a happy Thanksgiving.

Regards,

Tony

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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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Comments

Meir2u
19 Nov 12, 12:12

Nice charts but...

You have been warning about crashes, panic and flash crashes since at least December 6, 2011 together with specific dates for these events. Unfortunately, although your T A charts are "very nice looking" they have been terrible wrong in their ability to foresee stock market events. As you state, "The picture could not be clearer", just look at the VIX.

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