Lamentably, analysis coming true…

Posted on Aug 02, 2011 by WHC Bassetti 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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