Turning Points

We had a particularly good run in 2012, successfully identifying each of the major tops and bottoms with a combination of Harmonics, Chart Patterns and Analogs. Links to the actual posts discussing and identifying each turning point can be found below. ♦   ♦   ♦ April 2 top, posted in All The Pretty Butterflies: … continue reading →

A New Analog: Part II

We left off Friday [see: A New Analog] discussing the role USDJPY played during the severe 2011 correction, and the way it subsequently provided an assist whenever necessary during SPX’s recovery. USDJPY’s first break above the SMA100/200 on October 22 was almost enough to keep SPX’s trend (red, below) from Oct 2011 alive.  Two weeks … continue reading →