I know I am supposed to comment on the S&P, Strait Times, All Ords and Sensex. But over the weekend, I received a number of requests to do an analysis clearly identifying Nature of Trends Material (NOT), Market Profile and Ray Wave.

I am happy to oblige. The link for the video is: http://www.tradingsuccess.com/download/811-blog/811-blog.html

There are a few points I want to make.

1. There are no Ray Wave Counts. The RW is best used in directional markets; the Market Profile in rotational. The RW material lies in the ratios used to identify the possible resistance zone.
2. My starting point is the theme that the massive increase in M3 will force the FED to raise rates, probably after the elections. This is a continuation of the theme that enabled me to identify the coming of the sub-prime crisis long before the crisis hit.
3. I say in the video that the 12-m Upthrust was confirmed (by the June bar)…..This was a poor choice of words. The Upthrust will not be confirmed until we see lower lows and lower highs after acceptance below the October low at 768. What I should have said was: “The June bar increased the probability of a valid Upthrust Change In Trend pattern”.

Refer this blog post to a friend or colleague…