Full disclosure to eliminate conflicts of interest: I am actively trading markets. Since my trades are short term, I can make trades on the long side and the short side in rapid succession when my analyses change, irrespective of longer term comments made in this newsletter. I am not providing trading advice, just an expression of my current opinion and my thoughts about how Elliott waves and cycles and other technical indicators describe the market – or not. Do your own analysis and consult your financial advisor – do not take my word for it. Our styles, objectives, risk tolerance and financial situations are too different for my thoughts to be applied directly by you. Past performance may not be indicative of future results.