$COMPX update

I model today's $COMPX push is the end of the rally that started Oct 15th and possibly of the entire bull market since 2009.  1-3 is parallel to 2-4, clear alternation exists and now blue 5 is the same size as blue 1.  Time will tell but all the signs seem to be there.  This model implies that TVIX, which is currently trading @ $2.40, is now a strong buy.  Unless there is an intraday reversal today (which is always possible at the major turns), it is generally best to wait until the end of the day to buy. 

When $COMPX turns back down it will be important to watch the action to be sure it is not an a-b-c to the level of the prior 4th.  But I am certainly not counting on that outcome.  I think some "news" will emerge that will be seen as game changing and the herd will use it as a reason to head south.  This is not a model but that is how it often happens.