hehe

SPX Reverse Symmetrical Triangle

Short
SPCFD:SPX   S&P 500 Index
2573 views
6
Elliott Wave Theory. November will be a very important month for U.S. indexes. Theoretically, the SPX has levels of 1492, 1594 within the next move. But ... maybe that's enough??

http://www.thepatternsite.com/EWRevSymme...

Comments

whats the best way to play upcoming bearmarket? long volatility? or just short individual stocks? i've started scaling into long term OTM puts on individual stocks here. dont want to miss the train. lol.
Reply
The historical presidential election pattern is in line with your assumptions:
However my Elliot Wave counting there should be even more room to grow:
As always appears the truth is somewhere in the middle
Reply
awesome chart, it lines up perfectly with a chart I had posted on another site a few weeks ago
http://s8.postimage.org/mblcmy7p1/SPX_3_Month_9_1990_12_2012.jpg
Reply