10/11/2025
That did not take long. The WSJ front page and stock column quickly blamed Trump's new 100% China tariffs for the stock sell off. Never mind that human behavior is patterned by the principles of Ralph Nelson Elliott. The indexes completed five waves up at various degrees of trend and then headed down.
The NASD 100 has led the rallies so here is the 30 minute chart.
The decline did not just wipe out the last week of gains as the WSJ states but gains back to 9/25. Short term this is close to an end but just the beginning of a much larger sell-off. It is 7:00 CST and I am off to school, more later today. Sellers rushed into bonds, our 3.88% floor may be in danger of falling so the TBF may not be a good idea.
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