Wow…..just wow. What a day in the markets for the bears. NO confirmation of the hammer candles from yesterday and just a constant bleed all day long! This is what a wave 3 of a wave 3 is like for you Elliot Wave people! Major selling and, unlike yesterday's hammer candle, the internals completely confirmed the move today. Very nice.

July 29 – A fantastic week for the bears as the double top formation on the DOW was confirmed. Expect a bounce early next week as we are a bit extended down here in this area.    

Brian Johnson here and the 'major' move down last night that the talking heads on TV were blabbering about didn't really amount to much as the markets, while they did close down, didn't really hurt anything from a bull standpoint. It would appear at this time that my call of 'short term bearish and longer term bullish' is actually playing itself out quite nicely.

Brian Johnson from thestockmentor.com and a very quick run to start the day left everyone wondering where we would go next…..and we never found out. Nothing but sideways action the rest of the day but, as it has been time and time before, still a more bullish look than anything else at this point.

Brian Johnson from thestockmentor.com and a hard push up as the bulls find their footing for at least a day. I believe this will be a defining moment for the markets over the next few days. AAPL, of course, reported well and is way up in the afterhours but that was to be expected. I do expect a sideways day or a small pullback day tomorrow and if it happens I still have to give my bias to the bulls. The chart just is what it is!