[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..

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