Flags flying…

Posted on Oct 24, 2011 by in Letters

This chart is deliberately not annotated.  The reason is to call attention to the formation since Oct. 3.  It looks suspiciously like a flag.  To remind you, a flag appears on a flagpole halfway through the wave, implying that we will now see upside to equal the distance prices have come from Oct 3 to the flag bottom.

We bought UPRO and QQQQ today, scaling in.

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One Response to “Flags flying…”

  1. alain

    24. Oct, 2011

    supported also by my other data … congratulations! I like when all fits.
    Alain

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