“Those who have knowledge don’t predict. Those who predict don’t have knowledge.” Lao Tzu, Chinese philosopher, 6th century BC


Tuesday, 3 February 2015

3 Feb 2015 - E Wave...

The SPX cash has broken above the .780% ret. but the Futures is exactly right on it and holding as I write this.  The cash made a lower low from its Jan 15th low, yet the futures did not do this.  A disconnect is what I see.  As we guess what the markets are doing, we did see the ST turn UP this morning, therefore a bullish trend is in progress.  Patience is the name of the game here I suppose for the bears..


11am update:

No not Elliott Wave, but wave E of an abcde.  Is this the formation that the bears have been waiting for? Or maybe only I have been the only one waiting for this move to happen.  I haven't seen wave E's being thrown around out there, but we shall soon see how good this count is. 

The top today hit at its .780% ret.  described HERE.

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