"Shares across Asia, Europe and the Americas climbed, having already been boosted by Thursday's message from ECB chief Mario Draghi that the central bank was ready to adjust "the size, composition and duration" of its quantitative easing program."
Prechter & Co. Clusterfucked as usual
EWI: Oct. 23, 2015 Short-term Update...
"The S&P 500 pushed through the confluence of trendlines...thereby negating the fourth wave designation...the rally's proper designation is not clear...The secondary indices will not make new highs, but we can't be as certain about the Dow and S&P..."
I still count Wave 2 on Nasdaq below. Daneric is on wave 2 Wilshire
Using the Nasdaq Comp (v.s. 100), reduces the over-weighting of the few mega-caps making new highs Amazon, Microsoft, Google, Facebook etc...
Nasdaq Composite
Nasdaq internals
Inverse Volatility ETF aka. "Surprise! The bullshit market is over..."
One year of denialistic bullshit later...
Value Line Arithmetic Average (Average Stock)
Aussie Risk
Doh!
"No one told me I shouldn't buy stocks while the economy's imploding"