Dow continues to hold the 3rd deviation off the 200 ma, now for six days. 30 year T bond yield rises again now 3.33%. The bulls and bears are strongly competing for the next market move.
JOSHUA
Ok wawbc, I’ll do a bit more on dow theory, which I do take seriously. I like the idea of Elliot wave, but the wave counts seem to be in the eye of beholder, even the experts keep changing their counts.
Good idea on adjusting the deviation on your S&P analysis. Flexibility is an asset. The chart looks much more pleasing to the eye. Now if you could add some Elliot Wave or Dow Theory into the mix. We would really have something to digest. Never-the-less, your efforts are appreciated.