Content
The Egyptian pyramid and the Eye of Horus, or Lucifer if you prefer. Just to make sure you know who will be doing again the persecuting he repeats himself in chapter 3. And just to make sure the reader is not confused he uses the word synagogue of which the only religion to worship in a synagogue is Jews. Jesus knew how to get the message across to us who understand. The Jews have Babylon USA – The Great Whore – as the chief ally to carry out the plans of Satan. He ripped off millions, but then again it is acceptable for Jews to steal from the “Goyim”. Funneling money to the wicked Democrats (and their Republican Uniparty co-horts).
Thankfully I took a paid subscription in 2007 and took their advice to get out of my equity positions and preserve cash prior to the 2008 crash. They called the real estate crash, the Fannie and Freddie implosion and have many other great market calls that have been extremely profitable.
Trader’s Classroom
For the wave counts, it really cant get worse than wave 1 of an impulse is a terminal. Most ewavers saw the pattern as a bearish expanded or irregular flat which ended on Aug9. Neely saw the pattern as a bullish B wave triangle where the Flash Crash was leg A down; he also can count it as a double flat.
- So far, the SPX is holding above the recently gained 3900 supports.
- I find it incredibly unprofessional and a desperate attempt at trying to make money.
- The answer to that requires some commentary.
- Speaking off, we have been following the chart above for years.
- So, clearly, Mr. Gilburt has a detailed understanding how businesses work and are valued.
- I hope they screen the reviews to keep them honest.
For this reason, wave iii of 3 is usually the strongest part of an impulsive wave. I kept reading their gold and silver forecasts that they would have big corrections. But the corrections never came, and I did not https://www.wave-accounting.net/ buy all the bullion I wanted. So the dilemma continues–to sell the shorts now? No way, as surely that will be the week–the day–even the hour– that the market turns. Holding and waiting and hoping to break even.
Category: elliott waves
Now, most of them can be filtered out to get a 95% accurate read. It’s a well know fact that the FED follows 3 and 6 month Treasury rates when setting their benchmark. Last time the FED raised interest rates by 75 basis points was in late July. At that time 6 Month Treasury was at around 2.85% and today, at 3.87%. The second hit on the line occurred in 2021 when this same line acted as support. At that time the Dollar bears and Gold/Bitcoin enthusiasts proclaimed, once again, the dollar was about to collapse to near zero while everything else would soar.
- It cannot be the shortest wave, so it should be at least equal (100%) to wave 1, but the most common relation is 161,8% the lenght of wave 1.
- “Binve, Daneric, EWTrends, Evil Speculator, Trading to Win , and all of those other elliott wave blogs are a total joke…”
- The end of the world is always around the corner.
- With all that being said, so what use is it?
- It was clear at that moment that Trump has turned and that the proverbial “Swamp” had him.
- These fools that post on these blogs frequently “average down losing” short positions as the market goes higher and break every risk management rule in the book.
Moreover, they drink the same perma-bear EWI “Kool-Aid” and wouldn’t be caught DEAD going LONG a stock if their livelihood depended on it. They’d much rather be short in a rally like last week, to then cry about NY Fed manipulation and GS and JPM prop desk conspiracies… I’ve been using it for 6 months now and Steven Hochberg has quite literally not made a single correct call. He is however very quick to boast when something appears to be correct and they even advertise it on the homepage of their site. I find it incredibly unprofessional and a desperate attempt at trying to make money. My own personal wave counts have been more correct dozens of times. He simply doesn’t understand or refuses to do the work to make short-term wave counts accurate.
The view from Silicon Valley on politics, economics, investments and Fractal Finance
I would just like to see how they are trading the views embedded in those charts and get the added context that information would provide. I know for a fact that it is possible to have the wrong wave count and still have good trading results. I still think wave counts at this stage of the market are inherently unstable, but that “triple bottom” was clearly a Triangle ending a Combination and the massive rally since is the “thrust” out of that Triangle.
And now more than ever, he’s got even more people posting on his blog… The “kool-aid” drinking continues even though we are now a year removed from Prechter’s initial short position. It’s a most amazing phenomena and example of EGO amd ADDICTION. The stock market is included in most leading indicators, including ECRI. He was interviewed on cnbc friday Danerics Elliott Waves september 3rd afternoon but i could not find the video link in their video archieves on their site. The charts from binve have not even an iota of bearish wedge in them.if they have to be triangles, they will be bullish only. I have been following the above chart for some time and a few weeks ago emailed a friend “There is room for one more wave down”.
Author: The Yellow Brick Road – the Wall Street Examiner blog
I think we simply get a larger bullish triangle lasting the rest of the year at least, where the drop to July was A and the rally from the low the other day is the beginnings of c of B. So we retest the April high to complete B.
If wave 2 has a recognizable pattern, look for relations between subwaves. Wave 1 doesn’t have a “rule”, and for trading it i only rely on seeing a five wave move after a supposed completion of trend. Wave 5 could even be “truncated”, without surpassing the wave 3 extreme. But is it difficult to predict a truncation and it’s a rare pattern too. Wave 2s usually retrace great part of wave 1, in a shallow and sharp manner. During wave 2’s investors believe that the previous trend is resuming, even if volumes are usually smaller than in wave 1.
Elliott Wave Stock Market Update – July 24
Nearly everyone seems convinced the bond market will give its standard recession signal in a timely fashion. That is to say, nearly everyone is convinced the two-year to 10-year if not the 3-month to 10-year spread will invert. As our theory suggests, the market moves in multidimensional space. When it does it traces out certain lattice structures in 3D space based on prior moves. In other words, all future movements are geometrically precise in both PRICE and TIME. For instance, dots below represent all possible future turning points.
The monthly Financial Forecast works better because Elliot Waves work better over the longer term. For an investor with no such system, one solution could be going long Put Leaps of at least 6 months duration for the major market calls. Such a strategy would not require much capital and could pay off handsomely if they are right.
