Saturday, January 18, 2014

DRYS in textbook EW pattern

I'm traveling overseas right now so I have little time to blog but I did want to call attention to the DRYS pattern that is playing out.  As you can see from this backlink to my prior post (and to the one before it), my model predicted the collapse in DRYS quite nicely.  I really suggest walking that thread back if you are interested in EW because it has been really interesting to watch this play out.  Here's the current graph and repeated model prediction.  A break below the green lower support line will all but assure that this model will play out as shown:

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