BREXIT: Another financial crisis where the Wolfe Wave out smarts the “professionals.”
So, as we were told by the big banks, the press, the politicians and all the other so called “experts,” the market refused to obey their dire warnings: “Black Monday” didn’t happen. It turned into a wonderful buying opportunity for Wolfe Wave practitioners. “A million dollar opportunity” is how I worded it to my students.
What happened is that the market responded in a Wolfe Wave fashion: A natural rhythm played out. UP! Simply put, the market was out of balance and a rush to equilibrium was inevitable.
Updated chart below. Wolfe Wave nails the Target Line on 7/8/16.
For another example see my “Financial Crisis or Huge Opportunity” from 2008. http://www.wolfewave.com/crisis.htm