Editor's Note: This article was originally posted in Technical Analysis of Stock Trends on Sunday, October 14th at 11:49pm ET.
This is not the aftermath of Hurricane Michael, but it is the aftermath of a hurricane -- Hurricane Trump.
As always, correlation returned to 1 as shown here by AMZN. On Friday, bold traders began trying to catch the falling knife, and prices staged a recovery.
As longtime readers know, we find this very risky behavior. A smarter way to do it is discussed in our paper on alpha-beta waves: http://www.edwards-magee.com/ggu/alphabetazetawaves.pdf.
W.H.C. Bassetti
Edwards-Magee.com
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