The Scam ...
Hits The Fan
In Australia, it looks like the ‘clean energy’ scam is hitting the fan. This link has some brutal facts about so-called clean vs. coal.
The Unquestioned Belief
To paraphrase Robert Prechter Jr., on the topic of long term reversals; he states that catching such a move requires there be a consensus opposite belief.
That belief needs to be widely accepted, fully ingrained and unquestioned.
GDX Long Term
Pulling out to the monthly chart in GDX, we see a slow motion progression from spring to potential up-thrust and possible reversal.
If you know what’s probable on a long term basis, then affairs can be planned accordingly.
CORN Follows Script
The August 8th update of CORN showed a potential wedge test, reversal and then measured move.
So, here we are at the measured move target. What now?
Biotech IBB, Pre-Market Shows Higher Open
Oscillating around support and resistance is normal market behavior.
For Biotech IBB, we’re at the juncture between spring and gap-fill higher and/or contact and verification of an aggressive -91%, annualized trend-line.
Pre-market at 8:52 a.m EST
It’s the pre-market session and the bid/ask on IYR indicates a higher open.
Three Ten Trading, LLC is structured as a long-short fund implementing proprietary trading strategies. As such, we are not registered by the SEC, do not provide investment advice and do not engage in paid solicitation or advertising.
This site is for purpose of demonstrating the truth of market behavior; outlined by a market master: Richard D. Wyckoff in his text, Studies In Tape Reading, published 1910.
Charts produced by TC2000 which is a registered trademark of Worden Brothers, Inc., P.O. Box 1139 Wilmington, NC 28402.
Ph 800-776-4940 or 919-408-0542. www.Worden.com