Daneric40

Financials and TED Spread Could Signal a Bottom for Corporate Profit Declines

From an Elliott Wave perspective your chart 3 on TED spreads looks like a classic contracting triangle is occuring in the wave 4 position. The peaks are narrowing to the point where it is going to explode to the upside in a 5 wave move to new highs.

The financials are performing their ABC conditions after a nasty 5 wave down. They have another 5 wave down coming soon that will take them to new lows.

Your article expresses perfectly the sentimentality during wave corrections which we have been in since july 15th. Hopeful that a new bottom has set in.

How many times were the analysts telling us that in the crash in 2000 onward?

When this writer finally writes an article that states all hope is lost, then you know the bottom is in.

We obviously have a long way to go...