It’s good to be back after skipping the last edition. Trip to Winnipeg was nice too. So far, I see that the market still follows the main bearish trend. The high of February 4, 2008 has not been breached or tested so far, but the way the market forms seem to suggest an alternate wave [...]
US Federal Reserve has lowered bank overnight rates aggresively (1.25% since 3 weeks ago), Bank of Canada has cut its rate as well albeit only by 0.25%, and the latest good news to the market was US senate approving president Bush stimulus plan, which basically gives free money to everybody (who is paying taxes) to [...]
Well, what do you know.. the market managed to muster a rally, which throws off my wave count last week. I still stand by my opinion that this is still a corrective wave and there is a feasible alternative wave count that will explain this.
In this edition, I would like to elaborate my bearish view [...]