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I’m back from my travels. One of the highlights of my trip included a visit to El Escorial, near Madrid, where I encountered the mural shown above in the Library. The door on the left is marked Falsitas, while the door on the right is marked Veritas. Which one will Zeno’s students walk through? The
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It’s been about 5 months since I posted, and this long weekend gives me a chance to review where we are. It’s been quite a journey since the beginning of the year. On January 5, I posted (linked for those with an account at EWT) on elliottwavetrader.net a post called “Perspective is Everything”. In that
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Last week I projected a new T had been formed, missing one key ingredient–The Volume Oscillator and the McOscillator needed to move above the last descending peak reached before it moved below the zero line. I expected that momentarily, and that has still not occurred. We were also hoping for the VO and McOsci to
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Last week I stressed that we were looking for a low, expecting a positive formation out of that low, and that support existed at 5695. The low for the week was 5696, and from there we just took off. This T has passed all of the parameters of forming a T, with one major exception–neither
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The main T-Theory chart is searching for a low that can initiate a rally in equities. As mentioned on October 6, I was looking for a Point of Recognition around October 26-29. It began a day late, and continued through the next day. These PoR have been good for returns of roughly 3% when they
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As you may have noticed, I haven’t offered a new post for over a month. Thanks to all who have read (and commented) on my posts. I hope some of the concepts created by Terry Laundry helped you navigate the market since my first post in January 2020. To date, this site has been viewed
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T-Theory Thoughts 