Then, on 10/6/08
I alerted students, in a copyrighted lesson, to be prepared for a
bearish wave to form.
I taught them how to lay out the wave in advance so that they would be
prepared when the price hit
the 5 point. Among other rules, I also taught them how to determine the proper
time frame. On
10/9/08 I alerted students, in a copyrighted lesson, that a bearish wave did
indeed form. I followed
the precise rules that I teach and drew the 5 points and the Target Line. (See
On 10/10/08 the price hit the Target Line. The price fell from the 5 point, to
the Target Line, in three
market days for an incredible move down of 174 (big) S&P points!
Thank you for the
warning, Mother Nature.
Does this look too simplistic? Of course it does. It took me almost 30 years
to discover where to properly
place the numbers. I can teach it to you in two weeks.