I was struck, while reading the latest Elliott Wave International Update, how despondent those chaps seem. I’ve read their stuff for many years, so I tend to know their tone and style, and they’re seriously in F-It mode at this point. I can understand why, as my white flag a few days ago illustrated, but I must say, I was impressed on Friday evening to see something on the Dow I haven’t seen in ages: a very well-formed shooting star candlestick.
The same formation, even more clear, is exhibited by the ETF equivalent, the DIA:
One day does not a trend make, but hope springs eternal in the bearish breast.
Unrelated Item: I’ve been seeing some chapter that some folks haven’t been getting notifications from Slope anymore. This concerns me, because they’ve continued to work fine for me, and that inconsistency is not good. For those that seem to be missing notification, could you take a moment and see if it’s being hurled into your Junk or Spam folders? There may be a setting we can do on our end to prevent this. Please “@timknight” me in comments to let me know your findings.
