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I’m sure that’s not a title you expected to see here. But there is an end, and it is coming on Monday. It is the end of what I need to call an “Unnatural T,” ending on October 20. I have not been invested in this T, as it never quite cleared the last hurdle
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In my last post (September 7), I began by suggesting that those who were expecting the worst might be disappointed. The main gist of that post was that many indicators were neutral within the context of an up-trending market. While there have been no posts here since then, I posted on elliotwavetrader.net that I was
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It’s been a while since I’ve written a full post, and I know some who read these posts want the main question answered near the top of a post, rather than being forced to read this in its entirety. With that in mind, let me say perhaps expecting the worst is not the best course.
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There was a movie released in 1976 called “The Marathon Man”, which had a scene where a diabolical dentist held a drill in the mouth of the protagonist, and asked “Is it safe?”. When he got an answer that he felt was untruthful, he drilled a hole in the hero’s tooth until he hit a
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I closed out my long trade based on T-Theory at 6013 on June 13, which was 2 weeks before the T was scheduled to end. Had I waited until June 24, I would have ended with Price at almost that level. But I had no angst regarding the 2% drop and recovery that followed. There
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People invest in equities for a variety of reasons. Capital appreciation, income, inflation protection–all are valid reasons to invest, but in my opinion the primary reason people who can afford to invest do so is because they are programmed to believe that this is a proper use of their resources. News events can cause people
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We’ve stayed in a quite tight range since my report of June 7. (Last week, I only offered a short update as I was only armed with my phone.) The June 7 report was posted after a close of 6000 on the SPX. Since then, we’ve remained within 1% of the close on June 6.
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While the Volume Oscillator T will continue through June 24, I advised those who are members of ellottwavetrader.net that I was closing my position when the market rebounded Friday to 6013, before it collapsed into the close. As I pointed out last week, my personal indicators suggested that there was a possibility that the T
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Doom sells papers. But sometimes things are just what they appear to be. In the present case, we are just on a roll that will eventually end, but using the existing rules of T-Theory as I understand them, we are in a bullish Volume Oscillator (VO) T that will last until June 24. Our T’s
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In last weekend’s update, I reviewed an early end to the Price T (which was due to end May 23) within the context of the larger Bullish Volume Oscillator T (that exists until June 24). I discussed my expectation for that early end to the Price T, based on technicals. We normally expect a return
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T-Theory Thoughts 