T2W Bot

Staff member
1,454 55
I began putting the DANGER signal on my Special Alerts to “alert” everyone to Danger (duh). I know this stage of the market well as I have seen it time and time again in many different markets. As I said over and over, “the job of this rally is to draw in as many players as possible” (and then give them a thorough drubbing for being so foolish). There were two “turning points” to potential tops (August 7 and mid September). Both were tops, but only temporarily (very temporarily).
MARKET TOP ? (The title of this article), I can?t get much more “up front” than that it means that everything I was looking for to produce a market top had occurred and that anything beyond that would send me back to the drawing board. I now think the odds are strong that we will now see what I have alluded to in the 40 year cycles i.e. “every 40 years or so something bad happens” ? “every other 40 years (every 80 years) something really bad happens.”
In my view, we are...
Continue reading...
 
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salvadorveiga

Active member
228 5
altough i agree what kind of count is that... wave iv of the 3rd of wave C intersecting wave i?

that could only happen on an ending diagonal or leading diagonal not during a 3rd wave extension...
 

MainCycleV

Junior member
43 5
altough i agree what kind of count is that... wave iv of the 3rd of wave C intersecting wave i? that could only happen on an ending diagonal or leading diagonal not during a 3rd wave extension...
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This (A-B-C) is just a reaction wave, not a five-stage impulsive wave, so it is ok that wave iv of the 3rd of wave C intersects wave i.
I think the market is in GSC4, and is going to be the third wave of GSC4, its target will be 471.
 

salvadorveiga

Active member
228 5
altough i agree what kind of count is that... wave iv of the 3rd of wave C intersecting wave i?

that could only happen on an ending diagonal or leading diagonal not during a 3rd wave extension...
 

salvadorveiga

Active member
228 5
yes ABC is not an impulse, but Wave 3 of C is definitely an impulse... well either way our views are similar. it's just the count that is incorrect but in the larger strcture we share the same.

Either this will be a primary 3 or a C I too am expecting a drop larger than last years. Since it's a 3rd wave it should go longer than the 58% decline of Primary 1. We'll see...
 
B

Black Swan

0 0
markets can stay irrational longer than you can stay....etc....IMHO the only folk I'd take seriously predicting a major long term trend swing would be those who have the power to move the markets and then it may be advisable to do the opposite of what they let out/pump into the public domain....
 

meanreversion

Senior member
3,398 535
I was at a talk on Elliot Waves at the STA in London a few weeks back and it struck me that they're always looking for something dramatic. The whole process is far too subjective for my liking, and it doesn't naturally lead to a balanced trading strategy.
 

salvadorveiga

Active member
228 5
meanreversion, EW'ers have been calling for something dramatic because the model says so... but no one remembers at the middle of the 70's when everytone was thinking doom and gloom, many EW'ers called for the greatest bull market ever to be seen.

Anyways apart from that today's price action seems to confirm ~P3 is underway, still not 100% but probability is very very high... i have my own update at www.mybullmarket.org maybe mr Garrett Jones could drop by and see my counts too.
 

MainCycleV

Junior member
43 5
markets can stay irrational longer than you can stay....etc....IMHO the only folk I'd take seriously predicting a major long term trend swing would be those who have the power to move the markets and then it may be advisable to do the opposite of what they let out/pump into the public domain....
===================================================================Those people who have the power move the market can just affect the markt in a very short term, the long term trend can not be controlled by any one, it goes with the natrual law.
 

glide

Junior member
21 4
I see a combination of technicals and fundamentals, let's face it, good US GDP figures are thanks to public money and continued intervention. Technically, looks toppy with selling opportunities along the TLs (accummulating). But then, I just trade what I see, not what I think. SO far has served me well. GT
PS. Risk aversion currencies often indicate pre move
 

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