hahahaha what a total schmuck you are. I take you actually traded your BIG TOP huh, so what is your stop trader boy? You better shorten it coz its gunna get hit real soon. hahahah the simple moving average kid himself! you ignore anybody that has the knowledge to teach you how its done, jerk!
the fed succeeded in pinning the market above the 200 month moving average (16.5 year) it' got it above it, touched the next higher signifigant moving avg, then backtested the 200 month sucessfully once. it got us above that zone (the below 200 month avg) before a depression psychology 'jelled' now, it's facing a dollar that is at risk for collapse why would the fed keep jamming for new highs in the market, when it's done so much damage to the dollar to get where we are? my primary basis for the call was technical, but technicals usually tell a fundamental story
and i dont have a lot of faith in eliot wave, and often make fun of it, (in particular, minutia of labeling with an ever present 'alternate wave count' for when they're wrong) but what little value it DOES have, is big picture shape recognition this was a massive ABC correction 875 -666 = 209 209 + 875 = 1084 current top is 1080 both sides of the ABC are symetrical in time and price I didnt use this in making the call, but the market is quickly using up it's time in the ABC
This thread is soooo funny, Technicals, Fundamentals, Elliott wave counts hahahaha and they wonder why nothing makes sense!
Makes sense to me (kind of). I think the market could go either way. If the drop was expected (able to be predicted) it would not happen. Logically, an extreme price move has to be unexpected (by the majority of the money) for it to occur or you'd have traders trying to take advantage of it and killing it before it could happen. So it will happen, but when, who knows? Doesn't have to make any sense. We could continue straight up and break new highs on the indexes for the next ten years or crash tomorrow.
Yeah pretty much, but what else is there? Seems like the better analysis compared to making an outright directional prediction (guess).