>>>>>> 10-20 % corrections will occur.. .that is the norm <<<<<<< But nobody here ever sees them coming But they return months later to claim they DID. >>>>>> in the FED we trust!! <<<<<<< This is already tested and will be sorely tested to the max. soon. Where was the FED in 2008? ----------------------------------------------------------------- TRUST the FED? In late 2007 and all the way into the crash of 2008 they saw nothing coming and the Plunge Protection Team was themselves plunged June 20th, 2007 – Bernanke: The mortgage debacle “will not affect the economy overall.'' July 12th, 2007 – Paulson: "This is far and away the strongest global economy I've seen in my business lifetime." August 1st, 2007 – Paulson: "I see the underlying economy as being very healthy," October 15th, 2007 – Bernanke: "It is not the responsibility of the Federal Reserve - nor would it be appropriate - to protect lenders and investors from the consequences of their financial decisions." May 7, 2008 – Paulson: 'The worst is likely to be behind us . . . . ” May 16th, 2008 – Paulson: "In my judgment, we are closer to the end of the market turmoil than the beginning." July 16th, 2008 – Bernanke: On Freddie and Fannie: “They will make it through the storm”, "… in no danger of failing.","…adequately capitalized" Only two months later both were nationalized. February 14th, 2008 – Paulson: (the economy) "is fundamentally strong, diverse and resilient."
Anal-ysis like this is so spot on but its wasted on ET. Terminal wave it most soy-tenly was. Vix hit almost 25 in rocket move, shooting past the 21 of wave 4 Only AfterLOS called it Everybody now push the dislike button and\or request Baron to put one in.
This post went clean over ET's head despite Warren repeating this kind of stuff annually and perennially since antediluvian times YAWN
Trading books and trading rules of the HERD\right-click\Send to\Garbage Dump\then burn 'em The geniasses quoted above not only did not see the tsunami coming in 2007, they still did not recognize it had arrived even as late as May 2008 - the point at which the carnage really got going in earnest. Why would I not want to follow such cats? Because I have no experience in creating voluminous debt that can't be paid, zero experience, never had any never will have any never will want any.
Vix hits high of 31. Such beauty to see that curving wave from a rounded bottom as the moving averages curl and twirl and cross the 200 ema - sheer poetry. But the real poetry is to recognize where wave 4 ended - that be the real ART. Because the next wave thereafter is the TERMINAL WAVE. That's why AfterLOS was ready with guns fully oiled and greased. This post should garner 2000 dislikes. Thank you kindly
Behold the EMPIRE BUSTER as BEAR gets the engines a-rolling. Now remember, BEAR hisssself is the driver of this rocket launch, not his wife or kid. So behold first the wedge on monthly = handle of cup - now broken out Look in bottom panel for regular simple RSI breakout as confirmation but not reqd. but nice to see. Soon monthly Macd will cross the 0-line and then BEAR will pour on the juice. Neckline is at 46.7. Break this and its all over amigos.