First. The market blew away the two nearest highs, destroying the declining pattern. Someone referred to the Oct 4 low as a bear trap, as well it appears in retrospect. …
We booted our long trade in the SPX Friday as we analyzed that the upwave was ending. Pretty short upwave. 3 days. (7% profit) Now we are betwixt and between. …
Shortly we identified the head-and-shoulders formation we computed the possible targets for downside waves. These may have seemed fanciful at the time. But the achievement of target measurements occurred with…
Friday was but the continuation of a downwave which started Tuesday by our method (which counts the last day of a wave with the dying wave and counts the same…
The purpose of the gold downthrust was to dislodge investors, and indeed it tripped our long term stop. Then true to form, like a greased pig it put in an…
