Fundamentals tell you where the market should go. Elliott Wave Principle gives you the road map to get there.
vega - I was thinking the poke up to SPY 126.75 was a b of subwave 4 - with the 4 wave low around 125.00.Move off top be b-4 could explain the late day heaviness?
Wekk I don't get it anymore. I've been trading markets for over 30 years and the distortion and blind eyes to the real facts has me astounded.You have Italian 10 TYY's over 7%, Spanish yields approaching similar levels, CDS's reaching record levels and the markets ignore it and don't get me started on the MF global disaster. As a MF client I am totally "p" off and want(make that demand) to see heads roll!Can't investors see that the bloody contagion is growing?This can only end badly, I have never seen markets so oblivious to what was on the door step but is now banging down the door!
Oh one last thing. Thought I wouldn't be saying this again this side of 2013 but the USD is looks like going alot higher very soon.Above its 50dma and climbing. In fact 7 out of the last 11 closes have been above the 50dma