Wavespeak Update

ewwisdom

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The indices capped the week with another advancing session on Thursday before closing shop on
Friday for the Easter holiday. That ends an impressive week that started with a big down day before
the Bulls took control and turned it into a weekly gain of 1.5 to 2%. At week’s end, all indices are at or
very near multi-year highs. That alone is a bullish sign, but as discussed on Wednesday, there are much
more concrete reasons to expect higher prices ahead. Like I’ve said before, this expectation is not
based on what we’d like to happen or what we think should happen. It’s based strictly and solely on
the only sensible, objective way to label the Elliott Wave pattern. Some wave analysts may try to get
creative to justify their standard “the world is ending” forecast. But it’s been the same song for years.
If you want to make money in this game, shake any and all biases and just simply listen to what the
charts are saying. That’s what we’re doing here, and all signs continue to point north. In tonight’s
publication, we’ll show you why this is the only way to look at the pattern right now, and why you
need to be bullish on all time frames until something change.
 
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