Mongo
From an EW point of view, this rally does look like a 4th wave with a new leg down to come.
I am still watching the VIX in case it does complete waves D and E of a triangle which would imply a monster and sharp market collapse.
I had always assumed a rally top would be formed at the earliest on Armstrong's April date next year or even Aug/SEp but I am not to sure of anything any more.
McHugh has IMO always had a bearish bias which tends to make him a guru in bear markets but an also ran in bull markets.
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MongoFrom an EW point of view, this rally does look like a 4th...
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