The Analog has been holding up pretty well for months now, and that is surprising, because they say that as the sum total of collective knowledge of market participants approaches 1=TRUTH (from 0 = an Unknown), then it is no longer an “unknown” but a “known”. Hence, theoretically it should stop working at some point as there is nothing else that remains to be discovered by the collective brain of market participants. But I guess, I need more way more hits on this site for that to happen!
There is only one way to describe the ~8.7% gains achieved and suggested by the Analog in short 5-6 Trading Days – Wow!
For what the Analog is suggesting next I need to take the journalistic approach and just “report it”. As per the Analog we are about to crash and crash hard towards the low 700s. Maybe this is where it ceases to work?
Here are the CIT’s as suggested by the Analog:
– Down on Monday into 7/20
– Hang up till 7/23 to lower highs
– From 7/23, the first strike of bear into 8/3
– Up into 8/8
– And then final plunge into 8/15
– And some more kaboom afterwards
Monday should be a tell. Personally I did fold all my longs all across my portfolios on 7/16/09, one because of good profits, two because of the Analog and Smartp, which is suggesting something similar but not to the same degree, and third I will be on vacation starting this week back on August 3rd 2009.