Monday, February 3, 2014

EXPECTATIONS MET AND THEN SOME

Dip buyers worst nightmare was what today was.  I would like to give some serious props to a couple of individuals over at Deep Wave Analytics for calling the running flat back on Friday afternoon because that is exactly what expectations for price action following one would look like.  A very weak/failed correction followed by one massive selloff.  With longer term channel support coming up and this being the final wave of the sequence, a bounce should be in order in the coming days if not directly.  Be aware, stay prepared and don't get scared bears, you'll get your turn again after a brief retrace.  Good luck peeps.


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2 comments:

  1. UnknownFebruary 4, 2014 at 4:39 PM

    Really like the tutorial diagram feature.

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    1. BenedictArnoldFebruary 4, 2014 at 5:49 PM

      Glad you do. Was trying to figure out a different angle as there are a bunch of EWers floating around. I like the theory so I thought it would be constructive to try and make a class out of it while following the markets path.

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