Tuesday, February 02, 2010


I thought this Weekly chart of the XLF, with the Trend Following Model, Blue Wave, Advanced GET''s Elliott Wave and Vortex Indicator contains a lot of information about where the Financial Sector has been and maybe, where it is going:

XLF Weekly

That "50 PTI" in the lower right hand corner is Advanced GET's way of saying about a 70% probability of new lows under the early 2009 lows for a completion of 5 waves down.



Anonymous said...

no kidding... ? 70% chance for new lows. did it show that same kind of reading in 2007 forecasting the 2008 crash ?

Anonymous said...

is the FAZ an appropriate short of this ?