One more thing to consider: Wave 4 usually retraces 38.2% of Wave 3, but once in a blue moon has been observed to hit 50% of Wave 3. In the current scene it has already retraced almost 78.6% of Wave 3 and is still in 5-wave mode. Possible? Hey, who knows, this is an unusual BEAR scene but I know this from deep inside ........... BEAR will not denigrate its own Master Commander (Wave 3) thusly by abrogating Wave 3's umph. No Sir., BEAR will not allow such demolalization of its supreme commander, the one who contains the "recognition wave as its 3rd of 3rd"
Dems are enabling crime and criminals on a massive scale. America has become far more dangerous because of Dems. This is unconscionable.
It doesn't matter whether it is a Bull or Bear or whale market. As long as the day range is wide, that is good enough for the traders.
You damn bat krazy. Even if we go steady at 75 bps every quarter, damn, that would be like 18 months out.
And if everyone used it, it would stop working The paradox of markets..... the only time we ever agree is when we're all wrong!
%% NO; nor can BAC predict\ LOL. Sounds like they read few copies of[STA] Stock Traders Almanac, but that doesn't predict also. JAN forecaster is good[STA] probabilities = SPY down Jan =88% chance of a down year. But even that high probability ,[ not a prediction] when it fails; may fail big like 1987, 2009
I don’t think the market being bearish is a matter of concern anymore. We can always find an edge if our system is modified to suit the market condition. And just waiting for the market to recover would not be the right approach when it comes to trading
%% MAYBE\ but as he hinted +good partial pattern fragments with plenty of discretion some-times shows discretion = better. NO disrespect to Paul tudor Jones who sometimes like EWave, as matter of public record,
In this September 9 video Larry Williams predicts a low in early October and then some upward movement: he also points out some similarity between the current Down Jones period and 1913: and also with 1981 (the latter quite similar to the one Thomas N. Bulkowski had already published on his Site in December 2021):