Astounding market events… be patient…

Posted on Jun 01, 2018 by in Letters

Here's how we got here.  Rarely have we seen a formation that is more difficult to draw conclusions from.  We can analyze it without great difficulty.  There is first of all the last (so far) wave of the great 09-18 bull market.  This is topped off by a semi-parabolic wavelet followed by the waterfall of prices.  This doesn't look like a top,  It's hardly a down wave.  The awkward nomenclature system calls it a "correction"--which amounts to --high to low, 11%.  Percipitous falls are quite common after spike events like this.

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