Pug

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As many have gathered, I'm been kind of "down" on Elliott Wave lately (for reasons regular readers know all too well). One E-waver, though, seems to get consistent respect from Slopers, and that is Pug.

Here is his site, which appears to be partially free and partially fee-based. Now let me be clear that my general interpretation of the market's direction differs considerably from Pug's, although ultimately we are in total agreement (that is, the S&P getting somewhat below the February 2009 lows, but not by apocalyptic amounts). Here is his latest "big picture", which calls for a rise to new highs (gack!!) followed by a long fall.

There's been enough adulation about Pug in the comments section that I thought it was high time to point out this impressive site.

0916-pug