Loading ...| HI Breeze,
In short are you saying the recent SPX high (3393.52 on 2/19) was the end of a B wave of a an irregular expanding flat. The B wave top extended higher than the start of the A wave down on 3337.77 on 1/22 To fulfill the irregular expanding flat definition (in a bullish market), The low of the C wave must go below the end of the A wave. Which means the C wave low must now reach below the end the A wave (3214.68 on 1/31) . Mission accomplished Clx says we’re well into a climatic decline and closing on the end of it, eerily similar to that of December 2018. If it gets worse than that, tomorrow will tell. 5 day trin in the 2018 decline was a high of 7.25. Yesterday’s 5 day trin was 6.71. The last hour today was a doozy. I bet it gotto the 7’s again. If like December, the bottom goes in tomorrow with a weak sides ways to down day. No one will trust it as a bottom, for the next 5 to 6 trade days. Before I do any dip buying, I’ll wait for clx to turn slightly positive and almost drift sideways till the supermoon on the 9th. Let’s hope the deep slide of this flat disappears like a pimple on the azz of an elephant. <smile> Hail to da cheif! ************************************************** FROM TOM McCLELLAN Twitter |
Maddog–Captain–this one’s for you off the Wolanchuk site
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