today Muni hit a new historical high.
at 6/29 close, Phase 3 of Operation X is working fine.
and Phase 4, and 5 huge swings to come.
i am confident you will like what i have presented on Operation X roadmap, all very clear picture on both huge up and down.
coming weekend report will also present Operation X on German, French, England.
i do not use the name Operation X randomly, it has historical pattern impact.
with today's best rally of year 2012, there is an extremely important pattern developing, the impact could be huge. will present in the weekend report. already have 5 identical historical patterns with different time frames and indexes come to my mind. i will reveal that in a proper time.
under such a huge rally day, i would say: favor bears with a process.
if you need help on the remaining huge swings on phase 3, 4, 5 of Operation X, please let me know:
Operation X phase 3 rally upside target toward the red backbone (not shown here) or previous weekend report listed 1354 upside target is within expectation.
yesterday 6/28 at $spx 1314 low, i reported:
"both $indu $compq already reached their associated lower trend line support, probably the low for the day already reached."
Operation X has 5 phases.
Jun 24, 2012 weekend report with 5 phases of Operation X:
PS. 1). even last Aug's black swan crash and 1987 crash are eventually become corrective as they got passed above.imho, using 1, 2, 3, 4,5 could be fine in short term. but for big picture, i like something called wave relativity.
i use wave relativity for Nikkei, how could one use 1, 2, 3, 4,5 for big picture of Nikkei since 1989 38K Top?
i think if i have any, my strength is more patterns and indicators, especially lots proprietary ones i observed on my own.
this Operation X pattern is so much idential to ... so performance is to be expected if my pattern recognition is not far away.
for example, try to recognize JPM pattern. the largest or 2nd largest bank in US, certainly has a big impact. it has a strong correation with the market as i have shown.
imho, and in the end, Elliott wave also is a pattern, if i am not too wrong about it after practicing and trading with ew for decades.