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LAST FRIDAY (03/27) WE FINISHED A VERY STRONG SHORT TERM UPTREND, THAT ONLY TOOK 4 MARKET DAYS TO COMPLETE!
That uptrend took the Nyse from about 8,700 to about 10,500 and some 1,800 points up. My Elliott Wave sequence counts are now telling me that we should see another 4-5 market days of short term downside. This will be a counter trend to the current main up trend. That new downtrend “will” start this Monday morning.
When you “know” what the stock market is going to do next “volatility” is you friend and the bears should be happy again. Also you won’t have to worry, because I can also tell you when the next uptrend “will” start. It’s all about the Elliott Wave 5s & 3s and when they hit their correct totals to start another “reversal”.
Happy Trading, Robert WaveGuy