Banro Corp. fka BAA

[baystock1]

This Chart Told Us All We Needed To Know!
https://alphahorn.files.wordpress.com/2015/08/spx-monthly2.png
Posted on August 21, 2015 by alphahorn

I’ve been posting this chart off and on for several months as the top process was playing out. I called the top of primary wave [3] via an ending diagonal back in May, way ahead of anyone else (I posted that count for the public on June 7th, see tab “Big Picture Count” above). And, although the SPX never made a higher high than its May high of 2134.72, it continued to chop around in a trading range for several months. But all the while it was building negative divergence on the intermediate term, weekly and monthly charts. At tops in particular, swing trading requires patience!

The monthly chart below has been spot on calling intermediate term tops, and it was again this time around. I know a lot of you got pretty impatient hearing the same thing out of me day after day. “I favor an intermediate term top in place, and expect an impulsive leg down to begin anytime.” The market dances to its own timing, but as I read the script, the market’s destiny had been written long before this week’s sell off. Congrats to those of you who remained patient and have been aptly rewarded.
https://alphahorn.wordpress.com/