Now dig this: What if the upwave from 2007 is actually only 3 of (3). ? Yikes! This means that not only do we have 5 of (3) up left to go, but also the entire wave (5) If this is indeed what the wave pattern is doing, God help us! Either scenario is going to bring the House down - Hard.
BEAR ravaging the USA but hardly anbody notices because they're too embarrassed. For perspicacious individuals it is clear that the native benevolence of the USA is still there but its under attack by its chief component, namely, COMPASSION ...... eroding at bullmarket speed, sooner than later will capsize benevolence. That is when BEAR will exact his stiffest penalties in this GREAT DEPRESSION #2 underway since January 26, 2018, the ultimate SHORT. That's why this thread is titled, "resumption of BEAR" Homelessless in a bullmarket across the country, Seattle just one example
BEAR ripping the heart of America. .......... the middle class I used to take really nice wines as gifts to middle class and poor families that invited me to their house for dinner. That's changed now. I now take Costco and other stores' cash cards as gifts and just slide the card to wifey and wink. In her(their) eyes there is huge relief because that little plastic card will keep them afloat for 6 months while their mortgage cripples them.
Think its coincidence that 2008 recession is mentioned in almostvevery discussion about the economy? No, no , no, its because deep, deep, deep in the psyche, unbeknownst to the conscious mind, there is that gnawing fear that 2008 was only Wave A down. That same gnawing fear prevented the public from going whole heartedly Long in the bull run from 2009 lows. Why? Because they know deeeeeeep that the bull is a B-wave up, a phony, full of hot air, frothy, the creator of bubbles. Wave B is the perfect setup for Wave C which comes next to complete/finish the sequence that started in 2008. You see, BEAR cannot exact maximum penalty until/unless ALL or as near to all are on board and in ecstacy (Long). Then he pulls the plug and the body bag industry goes into bull run. From this concept came Warren Buffet's Law. . That's why its talked about so much. Target for Wave C crash is as per the Law of bubbles = below the 2009 low, most likely between Golden Ratio 109%, 114.6%, 123.6%, 138.2%. . But one can close eyes and go to the beach for years and just set TP for one notch above Fib 100% because we are surely going at least there.
Looks like I broke fibotrader, he put me on block/ignore whatever. I'ma enjoy my cookie now. Guess I made a point.
Hehehe, I like that You are correct, very rarely do I hand out trade secrets, but on rare occasions there will be dialogue with a humble intelligent poster and I'll quietly slip out a gem. True story, I owned a quite expensive fishing kayak not so long ago with a two sails and carbon fibre mast I bought from USA (I live in Western Australia) along with an expensive fish finder, paddles etc. I needed to get rid of it as I was not using and was taking up valuable space in the house. Rather than sell it it a stranger loser who was going to get a bargain (lots of losers around my area) I gave it away free no strings attached to a doctor who is a friend of a friend. Value is in people, not in things.
Good stuff, Mick. The link you sent me for your trades was well received. Yours are The only documents at ET I believe that are not tainted by graphics arts. . . I was told by ex ET pros to look up another oldtimer. Apparently he was a cop here at ET, they he was kind and fair and fun to discourse with. The current cop makes him look like Jesus. That cop's name is. ........... IVANOVICH He apparently did quite a bit of trading too and hung out with the boys. And then dig this: the crash of 2008, Ivanovich was ONE man in a sea of ignoramusses who exercised restraint in all the crazies going Long and warned about a huge BEAR https://www.elitetrader.com/et/posts/1757268/
Moderator: IVANOVICH IVAN has left the building https://www.elitetrader.com/et/posts/2932868/ excerpt: The reasoning why I resigned was a hodge-podge of different things, but in essence, I believe the owners of this site prefer quantity to quality. And that's ok, it's their site to run as they wish. But it's a waste of time to try to improve (which was what I always endeavored to do). Again, thanks for the nice words. I'll see you around.