Ford predictions proving to be correct

Looking back I pretty much called the top of that B wave, and have been calling for a C wave down to possibly the $8 area.

Well ford has dropped more than the stock market (% wise) almost every major drop.  Today was not any different.  The key was that it gapped down below the 200 MA and continued to bleed out.  That is huge, one more day below the 200 MA would be confirmation that this market could continue significantly lower.

The power of this wave to break all of the moving averages without much resistance.  The next resistance i see is that white line sloping down.
The MACD is strengthening (bearish), the Slow Stoch is embedding.  And not shown but volume was spiked up today.

My trade on ford is options, for Sept 18th, at a 10 strike price.  I jumped the gun on purchasing these when i did, so this drop was perfect timing, and ideally it will be close to 9-10 in the second week in Sept.

Tomorrow could be a Bounce in the markets but I am still pretty bearish, since the S&P is at that 1050 ish area, the bottom could fall out at any time.  Thursday / Friday are much more bearish news wise.  Job loss claims and GDP revision will be market movers.