The latest from McHugh....
The final leg up has probably begun (from his Sept 25 turn date), to take US indices to the year's high with a completion or their bearish rising wedges.
He sees declining volume as evidence of a top about to happen "in the autumn". He points out there've been significant declines in 11 of the last 12 autumns, 7 or them crashes.
As an example of what rising wedges mean, he says the Nasdaq will crash 40% minimum "sooner than most believe".
I was feeling good until then, lol.
tuesday trading, page-47
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