The bearish alternate from last weekend's post is obviously in play. Possible EW count looks like this on the short term:
Long term view:
Tuesday, October 8, 2013
Tuesday, 10/8/13 update
In technical analysis, nothing is 100%, and neither is Al's Daily Indicator. The signal from Sep 30 was obviously wrong, and the indicator has now rolled over and is heading back below 1.000 (reading at today's close is 1.002). Historically, the best signals from this indicator have occurred when it bottoms below .500, but even there it misses about 1 in 5 times.
The bearish alternate from last weekend's post is obviously in play. Possible EW count looks like this on the short term:
Long term view:
The bearish alternate from last weekend's post is obviously in play. Possible EW count looks like this on the short term:
Long term view:
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