XLF/SPX: Monday of last week, the day before the post-Nov. 21 high in the SPX, I posted the linked message again questioning that a 9 month bottom was in and indicating the liklihood of a sell off commencing last week.
The XLF and SPX were in Pause Zones for the last six weeks and both have broken out of these to the down side. Hurst said a PZ can either mark the mid-point of a move or the terminus of one. It is appearing more likely that this was the end of the upmove from Nov. 21.
XLF/SPX: The immenent severe sell-off to new lows that I indicated two weeks ago has occurred in the XLF. Its too early to determine whether the SPX will follow suit.
My frequent self-references lately are not due to narcissism but a desire to demonstrate the continue vitality of Hurst's method.
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