Waiting.

Posted on May 05, 2016 by in Letters, Uncategorized

http://stockcharts.com/h-sc/ui?s=%24SPX&p=D&yr=0&mn=6&dy=0&id=p70142979615&a=266398464

We are in limbo at the moment -- inevitable limbo.  Up wave is followed by down wave or side wave.  This principle is as important as the principle of higher highs and higher lows.  This means that traders and investors should be holding their fire, as one never knows how serious the counter wave will be.  Another of our principles--that buys should be made on strength.  In this case the trigger is 2111.

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