[Late Day] Quick Look At DOW and NASDAQ 2:50PM ET 1.07.16

DOW – I was thinking we’d reverse into positive after an A = C but this is getting far bigger than a 5th wave so I have to look at the downward 3 target.  The 5th wave move is too big to be a 5 so turns out it’s a 3..this market is one steaming pile of sh*t essentially.  Full downward 3 would target be 15,900-16,100 if there’s no big reversal into the close..it’s getting that bad.

NASDAQ – Sadly to say, yeah this was NOT a 5 down but looks like a 3 down now…it’s not over in terms of downside so we may see the full 1.618..target would be as low as 4400-4500 if this happens..

About the author

CEO Ted Aguhob, Master Elliottician and Technical Analyst, Day And Swing Trader, Website Designer And Marketer, Artist, Producer and Musician has provided content to gemxwave.com, wavegenius.com and masterofcharts.com for over 14 years. The biggest breakthrough as a blogger came in 2013 when Wavegenius.com produced a net profit of over $177,000 and became one of the highest earning blogs in the entire country. Many of his biggest and most amazing calls appeared on major financial websites like Thestreet.com, Yahoo Finance and MSN Money, was a radio personality on Washington DC Radio, and has a following in the tens of thousands for many years. Ted is known for his charisma, vision, creativity and better yet.."genius."

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