Tuesday, August 28, 2012

Update: Bold Predictions

In the post on Bold predictions, I was tracking a Wolfe wave and corrective moves on SPY based on fib relationship. So, how did it go?

Not exactly as I planned! I mean, we got a dip in the morning and all and I posted a chart in the morning where I thought we may have finished the wave but I did not buy it myself.
However, after adjusting the chart for yesterday's move, I get better fib ratios. So, as charted below, will the Case Schiller reading disappoint? It's up at 9:00am EST and the market opens 9:30am EST.

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