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Friday, February 3, 2012

E-minis [Update 1:30PM]

Update 1:30PM: Fractal comparison to the last momo wave in 2010-2011.  Instead of 6 months, its been about 6 weeks and the excitement is just as high now as it was then. 

My point?  The "virgin space" occurred very high in this wave structure as I propose it has on the current "mini momo" structure of the last 6 weeks.

Which leads me to my main point: The current 5 wave structure is mature.
Update 12PM: Couple of updated charts:

Wilshire "looks right". And that is half the battle with wave charts.
VIX Daily. Look at the candle just dangling down there under the BB.  Filled the last VIX gap.

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