What you’re missing Part 2

Posted on October 14, 2011 by alphahorn

on the protected blog, we’ve been discussing the repeat of a fractal from last month in which the Alpha indicator pointed to a pullback, then continued to build negative divergence against the SPX.  The initial negative divergence marked the first pullback (wave 4), then the SPX made a higher high (wave 5), while the Alpha indicator continued to build negative divergence.  The same pattern is playing out now, a larger pullback should be in store next week.

About alphahorn

I received an MBA from Columbia University’s Graduate School of Business in New York and am a Wall Street veteran. I’ve worked for a number of investment banks including Smith Barney and First Boston/C S First Boston in New York. Over the years, I have developed my own Proprietary Swing System and I combine that System with my own Elliott Wave Analysis to trade.
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3 Responses to What you’re missing Part 2

  1. brutusmaximus111 says:
    October 14, 2011 at 12:38 pm

    covered my shorts in GOOG @ 587.93
    and sold my longs in ESZ11 @ 1211.25

    Reply
  2. alphahorn says:
    October 14, 2011 at 2:41 pm

    If you noticed the fibs on the chart above you saw my prediction for the top of this wave at 1224.94, pretty close I must say

    Reply

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