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transports and the dow and sp


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#1 gannman

gannman

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Posted 13 June 2016 - 12:01 AM

the trannies topped feb 2015 and did a pretty clear 5 waves down into feb 11

 

since then they retraced /62 for a wave ii they are getting ready to enter wave iii imo

 

the dow and sp since feb 2015 made very little upside progress and have been in a trading range

 

this last wave up in the dow imo is the final leg of the bull market it is about to join the trannies in an impulse wave down 

 

it will be wave iii down on the trannies and wave i down on the dow

 

i do believe we have one more rally attempt before we put in our final top 

 

just my take 


feeling mellow with the yellow metal