First up this morning, the “Only Chart That Matters” – as we roll into a potential next leg down for markets next week.
Then, A number of subscribers have asked if there was a possibility of getting a more detailed market forecasting tool than the free spreadsheet (brainamp.xls) that is available to subscribers from the master index page..
The answer is “You bet! But there is some necessary fine print. In order to make this project really valuable, we need to collect as many “Elliott wave trading rules” as possible in order to write the logic I have in mind.
I think you’ll see when we get into it, this “second generation” of market predictor may not only give us better understanding of Wave structures we’re considering at the primary level, but the rules may provide us an “educated” guess at the subordinate (smaller) wave structures..
In other words, if you know an Elliott Wave 1 move (up or down) then that not only infers what will happen at that level, but it also ripples down to the next finer level of granularity. (You do follow, right?)
We’ll get into this after we reveal the One Chart That Matters right now..