I just went through another study of the last 2 months. I wiped the slate clean and brought in a new chart to do side by side index comparisons.
And I think the evidence is pointing to the conclusion reached in this post I wrote today: Boba Fett, that Gumbo's call that we are still in Minor B, in a very complicated Y of B wave that needs to do some more retracement.
There is so much non-confirmation, which is what we would expect near the top. But I think this market has one last Christmas "trick" up its sleeve to catch the bears off guard with a Christmas rally, but not before it kicks the bulls in the crotch with a breakdown next week.
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1 year ago