At the right top of the chart at or near the top of the B-wave circled Abbey Road nailed the top of B circled. then came the C-wave down and destroyed 'em in the BEAR that rattled America Ringo did his best work at the top of B circled
As promised, here is the larger picture of BEAR markets and Wars all the way from year 1700 - 2015. Not MY work. This work belongs to Robert Prechter.
%% I enjoyed my trips south\TX\MEX\ SoUth America\Argentina\ nothing like a good downtrend.[Below 200dma like Rio Grande] Flight back up\ fun also. Great HI volume gamebird shoot in Argentina[Eared doVe; no limits except what you want to spend on hi/price ammo/but grande +worth it,]
BEAR markets bring on not just WARS but also pestilences/diseases Latest disease is Corona that started in 2019 or 2020 even before the Dow Jones all time top and now is underway again as the current BEAR we are evaluating here in this thread to be a Bear or just a mere bear rally See other BEARs and diseases going back to the year 1800s . Note: none of this work belongs to me. I am only the student, a humble one at that. I bow to all my teachers. They were sent by God to intersect my path. I asked and God provided - in spades. When I was studying Prechter's stuff at first, it was difficult and I often asked God, "why have you forsaken me?" He asked, "why do you ask?" My reply, as you chaps have already seen this stuff before in literature, "because there were 2 sets of footprints in the sand as we walked together with you as m y guide - now lately there is one pair of fottprints and they belong to me?" God replied (as you already know, lads) ............ "the one set of footprints is mine as I had to carry you" I struggled and struggled and made WAVES my own - my Wave application has a different twist that Prechter's - I don't follow their rules of wave counting except for the most obvious one which is wave 2 cannot exceed the origin of wave 1. None of this means that you should plunk down money and do stupid stuff like subscribing for services with EWI. In fact I would not recommend that at all as your odds of losing are astonishingly high. They maybe terrible market timers but like I said, I love their research.
Love your spirit and hi energy and enthusiasm, Murray. Did you by any chance make it to Guatemala, up into the high mountains and be a bum like me for 6 months in a town called Quetzaltenango aka XELA??
$1 bet that Murray has noticed QQQ ready to dive below Murray's beloved 200-5-min.ma or MY 200-pd ema on the 5-min. chart
QQQ loves the Rio Grande (200-pd ema on 5-min.) soooo much, she just won't leave it in the dust and continue south.
An effective trading style could be developed by using Rodney Dangerfield technique of targeting the 200-pd emas starting with 5-min., then next to the 200-pd on 15 min., then to 30 min., 60 min., and so on all the way to monthly Now that would be a whole lot of Rio Grandes
Been there, done that - different but better song IMO. https://www.elitetrader.com/et/threads/electronica-shoegaze-dream-pop-indie-deep-house-etc.340268/page-4#:~:text=If I may make one exception to the theme for this one: