Some of my readers will recognize my previous work from the Reversion to the Unified Mean (RUM) Wave blog. I wrote it in relative anonymity for a couple years. That work can now be found here.
ALERT: This is a change in status for the RumWave. I think there is still one more impulse to the wave up, but we are getting very hot on the daily indicator scores below. Conservative followers may take profits here. However, I am holding my long positions.
Today issued a bit of relief on some of the chart oscillators (Bollenger %B in particular), but the overall daily score increased in all three categories. Additionally, the candlesticks on the 4 hour chart are showing a slowdown as we predicted last Friday. This jives with the Elliot Wave count which suggests another push higher after this week's soft patch.
Thanks for reading!