This is intended to be a forum for me to post chart ideas and hopefully receive feedback and stimulate discussion.It is not intended to constitute investment advice.
It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning. Henry Ford
You are welcome. I have had intermediate term sell singals the past few days. Today's close gave a short term signal as well. So, I would expect that the move down into either the mid Sept (bullish) or the Mid. Nov (prolly not bullish) cycle lows is upon us.Here is the wave count I am following:http://i1240.photobucket.com/albums/gg500/SoulJester786/WAVE_COUNT_zps57c07c70.pngElliott wave is the most powerful tool, imho ;-) The top here looks like the top at red 1 and 5 and now we got the signal. Break a daily low should be the next confirmation.Appreciate your work, charts, and blog CR.
Thanks SJ and thanks for the chart. I thought you hated EW ? (Reject the theory :-)