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Tuesday, April 12, 2011

Elliott Wave Update ~ 12 April 2011 [Update 5:16PM]

[Update 5:16PM: Is the recent price action in the VIX signalling complacency? And will that be bad for the market?
[Update 5PM: Spread is historically wide between long and short term debt. 6 month Treasury yield breaking under.  Zero isn't too far below.  And negative beyond that.
We need 5 waves down to confirm a trend change in the SPX.
We do have alternate counts if the market chooses to hang around these price levels for far longer than we anticipate. But I have no reason to suspect this will be the case at this moment.  Just something to keep on the horizon.

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