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.
A
no kidding... ? 70% chance for new lows. did it show that same kind of reading in 2007 forecasting the 2008 crash ?
ReplyDeleteis the FAZ an appropriate short of this ?
ReplyDelete