I am very curios about wawes predictions. Looking at simple channel I can "almost guarantee" bigger retraction, (over 30 points) prior we reach 1200 that can easily extend somewhere to 1070. But anything bellow this will start panic by investors and if we can break seriously 1000 it looks to me that we will see 900 as well.
Obviously not anymore... Now Anek's long term short was supposed to get filled at 1188, and we got 2 pts close to it. I wonder if he lets the boat sail away without him...
The economy is still in a depression. It's not like stocks are becoming more valuable; they are just losing value a little bit more slowly than the USD. So when the USD corrects, so do stock prices.