From our February 24 U.S. Financial Forecast Service:
"Various news stories in print and on TV proffered myriad explanations for today’s selloff…but none stand up to reality.
"All of these supposed causes have been well known prior to today. The reason the market accelerated its decline is because its Elliott wave pattern indicated a sharp drop."
US stocks continue to follow the path outlined in our flagship Financial Forecast Service. Last night's U.S. Short Term Update (1 of 3 publications included with FFS) shows our current Elliott wave patterns, price projections and more.
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