Lamentably, analysis coming true…

Posted on Aug 02, 2011 by in Letters

Today on an impressive (if not depressive) power bar down SPX prices penetrated the neckline of what appears a head-and-shoulders formation.  In our last letter we explored the possible implications of completion of this formation, detailing various targets for a downwave.  We calculated the targets using a bevy of technical analysis techniques and now is a good time to remind readers that the targets are an analysis, not a guarantee or a prediction.

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