-
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 occur. The high on October 25 was 5862, and the low on October 31 was 5702. The close yesterday was 5728. We’ve since broken through the green line of support drawn on the McOscillator a few…
-
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 almost 150,000 times. I’m humbled by that, and by the 300 readers who subscribe by email to this free site. Thank you. These posts began as a corollary to posts I offered on Elliottwavetrader.net. My posts there…