CHARTS_CCI_SYSTEM

[Technamental]

On that topic...(I'll let you draw the analogy)

I have a close friend that knows zero, zip, nada about eWaves. He knows very little about TA. He is a LTBHer that does know headline news. He has been calling for this 'bull market' to continue ever since the beginning of QE. Guess what, he has been right (ever since the beginning of QE).

Moral of the story: Anyone retrofitting a TA-based methodology (or any methodology for that matter) to the Fed's unprecedented $85B/month QE program has a high probability for success and accuracy. The moment the market begins to stray from the intended response to the $85B the accuracy will erode. (didn't that just happen?)

T