Final 24 hours for our membership promotion… If you’re tired of taking cues from perpetually bullish talking heads, this is a great time to take the plunge. Volatility is high, and we’re racking up some great results [see: HERE.]
Pebblewriter.com has provided uncannily accurate market guidance since our first post on May 2, 2011 where we noted a top was close (May 2 was the top) to our latest top call on May 19, 2015 [we were one day early, see: The Last Big Butterfly] and our latest bottom call on Feb 11 [see: USDJPY Finally Relents.]
We’re currently offering Charter Annual memberships for about half-off the usual price. With a Charter Annual membership, your rate is guaranteed never to increase for as long as you’re a member. For more details and to sign up now, CLICK HERE.
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Is there a way TPTB can erase the damage done over the past few months and have SPX resume its bullish ways? Consider that SPX is back above the neckline of a large H&S Pattern, back above the midline of a rising channel dating back to the 2009 lows, and back above the midline of the channels that have guided the decline since last May.
The cost of getting here, however, was substantial. USDJPY required a strong rebound (sorry, Japanese consumers and manufacturers.) Interest rates also had to rebound strongly (sorry, borrowers.) And, most importantly, CL had to bounce an insane 31% off its Feb 23 lows. Think about that next time you’re filling up the Family Truckster.continuing…
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