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Allan Harris
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Developer, Chief Strategist and Head Writer of AllanTrends.com, a trading service based upon a proprietary algorithm that identifies the dominant trend of any stock, index or ETF.
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  • The Most Important Chart In The World 0 comments
    Dec 3, 2012 3:08 PM | about stocks: SPY, DIA, QQQ, IWM, AAPL, GOOG

    (click to enlarge)

    OK, a little hyperbole. Nonetheless, a break of the Wave 4 Channel coincident with a Stochastic sell signal will generate a 70% probability of the DJIA falling to the 11000 area in the weeks ahead. I know about the bullish seasonality, it's all over CNBC, Bloomberg TV and Fox Business. With such a sweeping consensus, how could the market possibly go down in December?

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