Got our pullback in a powerful wave "c"
Classic
![](https://2.bp.blogspot.com/-InM4JY27oOw/WNJdOOclNHI/AAAAAAAAChY/50FjqbYvcEE-fcIsAj1wqis9EFeW7qF9gCLcB/s640/INDU3040.png)
$SPX - last weeks target taken out. Wave D should look like a double top, around 2400.
![](https://2.bp.blogspot.com/-mTDRQpSpBP8/WNJdq-MB7AI/AAAAAAAAChc/Y-26s7NQkZoQ9DcS-QIiQz123d0nz2raQCLcB/s640/SPX5min43.png)
$GLD - I would not be caught holding gold here.
![](https://3.bp.blogspot.com/-BvsVvVl6pYw/WNJgCDlCvOI/AAAAAAAAChw/lV7cLjxt0noBK3GtREVbGVK9ileqgNYpACLcB/s640/GLD06.png)
Energy holds support. I would be snapping up certain beaten down energy stocks. Window dressing means money managers need to show that they are 100% vested by the end of next week.
![](https://4.bp.blogspot.com/-3Wwi8ftKVRo/WNJeS7y8rwI/AAAAAAAAChk/EXkOKwFI8tEfIgkgaDeiCNamuRIHM4oCwCLcB/s640/DJUSEN6011.png)
Canada also looks like a good trade. Seeing a broadening bottom pattern...
The fake news is reporting that financials were hit hardest, but $SOX was the bigger loser, and the $RUT was taken out behind the woodshed, and beaten like a red-headed step child.
Beware the snap-back rally, AA
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