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Still out of the market but I feel that we are approaching an important turning point.
Charts will follow.
NYA: for the NYSE index I published this chart back in November that suggested a move of C=0.618 or a bigger move to 17,000 or so for C=A.
We are now approaching the 17,000 target with divergence.
Time to have a really good look at the charts and take some decisions.
If this chart is correct we are in the final wave 5 of C which might shoot upwards then suddenly reverse.
Nice analysis Hatman. I am still waiting as the path of least resistance remains up. They buy every dip. Every market news has a positive spin.
I did want to short 4340 SPX and we are there now, but so far refrained. It’s Market holiday Monday and they have been bullish.
Lets see what next week brings, as you say it does look close especially when everyone thinks it can only go higher.
Plan your trade, trade your plan!
Is Cimac still around?
Here’s the annual scotch deal on the Glenlivet 12 🙂 . It’s really snowy and windy up this way today… brrrrr
Scooby, Chris (cimac) died suddenly last year. He leaves behind his long term girlfriend/partner Katy and two daughters from an earlier marriage. He lived in Exeter. Age 68.
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