folks, it’s all that it is ….it’s the famed Gartely 222 Pattern which has the following:
AB=CD – yes we have that
.618 or .786 retracement – yes we have that
an 1.27 or 1.618 extension pattern – yes we have that
so, folks, it’s “just” a sell PATTERN on an important stock and IF (the big IF) it works THEN the market will probably follow. right? kinda?
OR the PATTERN fails (which does happen) and IF (the big IF) it fails THEN the market will probably follow. right? kinda?
therefore – sell PATTERN works GOOGL should go down and the market will go down.
else – sell PATTERN fails and GOOGL should GAP (more than likely) over the pattern (happens all the time) and the general market will follow …
GOOGL – SELL PATTERN and that’s all it is …