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Looking pretty red out there on the globe, eh? Truly China’s century.

You’ve surely heard of the disparaging term “Idiot Wave” applied to “Elliott Wave.” It seems rude and dismissive, although I’ve got to say, very few techniques have had more to do with me prematurely thinking the top was in than good ol’ EW, so I don’t bristle too much at the put-down. As I’ve mentioned, I’ve found EW to be very helpful in bear markets, but in bull markets, it’s been pretty much a disaster.
Below are a few charts from the good folks at EWI, and I’ve got some remarks about these charts as a whole.

You know the drill! Below are the equities which I am short right now, zoomed in to whatever most recent portion I feel is the most relevant and helpful.
