Short Term Trading Member Forum

[Joseph Silent]

Tea, I have a small

question that probably has to do with E-wave, and wonder if you can shed some light on this.

Some time ago Glen Neely (e-wave guy) put out a public (broadcast) alert saying that the SPX 956 top was in for the next few months and we were going down to test the bottom. He was pretty confident at the time, but it seems the market crooks/gods outdid him.

Anyway, when people asked him "what now?", one of the things he seems to have said is that taking out SPX 956 to the upside is very bad news for the market because it somehow means that the bear is going be very long and drawn out, instead of something fairly quick.

Does this seem reasonable to you? Can you please explain it if it does? I don't understand the connection.

Thanks,

/J