Monday, October 26, 2015

1987 'Ghost' now past (Trick) & 2011 similarities (Treat) in the offing?

S&P500 Weekly Chart 2010- 15.
Just like Halloween; Technical Analysis ain't Science...it's an ART!
The 1987 similarity now appears illusory & 2011 being discussed as the comparison we should not have missed?
Either way; worthy of note & we do own those 1925 Nov. 4 PUTS!
Interestingly for 2011; opportunities were available up to a year after & yet STILL below the High (1370 then/ 2134 now) before the Rally began in earnest.....2016 to be as frustrating as 2015 before the Rally resumes?
As per THEWEEKLY from early 2015: "Is this the long overdue Correction playing out in Time & not Price?"....could well be.