Steve, Put me on record in favor of an extension to the wave count. I think we are on track for a May finale to this move. That doesn't mean the top is in May for sure but that would be my time frame. We need to remember tops are large rolling events not single spikes like bottoms. The first clues that this is playing out is to look for divergences: i would look for small/mid caps to begin to underperform starting March. Charles
I have been reading your blog for the past several months every day. You are amongst the exceptionally few voices of reason and calm in an otherwise insane market and market commentators. Great work indeed and looking forward to reading your blog every day.
Steve just wanted to say that i enjoy reading your stuff and its one of the first things i look at during trading hours, keep up the good work
ReplyDeleteSteve,
ReplyDeletePut me on record in favor of an extension to the wave count. I think we are on track for a May finale to this move. That doesn't mean the top is in May for sure but that would be my time frame. We need to remember tops are large rolling events not single spikes like bottoms. The first clues that this is playing out is to look for divergences: i would look for small/mid caps to begin to underperform starting March.
Charles
Hi Steve:
ReplyDeleteI have been reading your blog for the past several months every day. You are amongst the exceptionally few voices of reason and calm in an otherwise insane market and market commentators. Great work indeed and looking forward to reading your blog every day.