"The More I Get the More I Want. See You Tomorrow!"
2D, Mar. 2 - Bear Day 14 - Brutal sell off during the entire session. The Fib. retracements were put up at the open with the idea of testing the potential "Gap Close." The 23.6% level (Gold Spot) was never really challenged. The day closed at new lows.
5D, 30m. - Mar. 2 - Gap down with continued sell off with S-Curve decline into the close. Symmetrical S-Curves are frequent phenomena in the market.
20D, 60m. - Mar. 2 - The brief "bullish fake out" of a few days ago was just that; a "fake out." It will be ignored as we are now into the 14 day of a Bear Potato. This is the longest lasting potato since we have been tracking this activity.
6M, Daily - Mar. 2 - The breach of the Nov. "low" is now market history. We went through that like warm butter. We have not significant support levels to look for that are within reasonable distance. The market may well be in a free fall with no bottom to expect to bounce from.
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