Market structure becoming clear…(apparently)

Posted on Oct 08, 2015 by in Letters

http://stockcharts.com/h-sc/ui?s=%24SPX&p=D&yr=0&mn=6&dy=0&id=p38955316076&a=266398464

Eight days of constructive activity can salve a lot of hurt feelings.  It can also do a lot to repair the chart.  In fact we can now see some recognizable structure in the market after being bounced around like a pinball.  We tried early on to find an a-b-g-z pattern after the flash crash.   Now we think we can see it and have marked it in the price action and at the top of the chart.  Meaning we think we are in a zeta wave now.  As almost always we see the surge of prices across the trendline as a buying signal, and we have done that in our personal accounts.

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