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More accurate than not. Just look at the lonnnng term chart of the Dow. Just because the markets are usually bullish (for a host of reasons) doesn't mean bear markets are not at the least painful and the worst, devastating. There's a LOT more pain and anguish to bear markets than just being...

The big point that you're missing is the "duration and despair"... the grinding down despair of prices and the fear that "you just can't get a break and it's never coming back"... that accompanies bear markets. Just because today's "conventional wisdom says -20% is a bear market", doesn't make...

Pardon for quoting myself... but to give you an idea of how complicated EW can be... I once had EW software which would run all of the possible counts and highlight its "best" and "alternate" counts. I remember one time the software indicated it had run "94 MILLION" possibilities. I recall the...

I believe so. My best read right now was that yesterday was either part or all of "W4 of 3 of 1" in the new bear market. (There is a protocol for describing the labels with larger numbers, brackets, parentheses, etc. I'm too lazy for all of that. I only care about what I believe to be the...

If you mean "2018-2019" is not a bear market, merely a correction... most likely, incorrect. Bear markets are partly about "prolonged decline and investor despair". We are already ~3 months into this one. The '87 correction was over in less than 2 days.

'87 was not a bear market, merely a correction.

1. I don't believe in the notion of "confirmation"... market can give the head-fake at any time regardless. 2. I've posted a few times, "it's not wise to get bearish on the market until it actuall does something bearish".... and I mentioned "close and hold below the spring lows". Another...

Years ago I studied EW. Even got a software program for it. EW devotees sometimes think they can describe and trade "every wiggle" with EW. I never found that myself. But the notion of "5 Wave" patterns is real. There is also the "rule of alternation". In a 5 wave pattern, there will be...

Chasing shorts late is usually hazardous. I'm thinking the next relatively conservative place to short will be after W2 (correction) has completed a 50-62% retracement of the decline... if that's the kind of correction there is.

If you understand and give any cred to Elliot Wave, you'll recognize that where the market is right now is most likely in the middle of Wave1 to the downside (wave3-of-1, specifically). Joe Granvilled labeled the 1st down wave portion of a bull/bear market as "disbelief" or "speculation"...

I favor of all of those things. Without border security, America is doomed. And a Hell of a lot faster without a wall that with it. This is the FINAL chance at getting a wall. After Jan 20, that hope will be gone. I suspect Schumer will not budge, however. If the government stays shut down...

Rather than ragging on the Fed, Trump should take a pill and explain the real cause of this mess. He isn't doing himself any favor by constantly whining like a little girl. Like all presidents, Trump wants to "spend like a drunken sailor" with little consequence... and leave the mess for the...

Volatility can be a trader's plus... unless it's too fast and whippy to cope with.

Probably right. Even if we get any kind of wall at all, it will look like Swiss cheese. Trump will say, "that's the best funding we could get out of the DemoCraps". And that's BS! Either we have border security or we don't. Trump needs to stand fast... "Total wall security", or no...

"Quickly" is subjective and relative. The decline hasn't been so swift that a trader would not have been able to cope. In fact, it's been rather orderly. (Even the crash of '87, was orderly enough to play. Recently we've had the ES swing 100 points in 5-minutes... that's both down, then...

I am going to look those dates up if I can. It's you making an ass of yourself over this. You are arguing minutia while disregarding context. (If I had initially said, "no single day drops of -10% except '87", or even "few if any -5% drops", the context would be the same and you would have...

Ditto. Frisky wants to argue the significance of "5%". What if we were talking about 10%, or even 6%? What's the meat of the argument? (If all he wants to argue and thinks is significant, "you've got Swiss cheese memory, old man"... well, I can't argue.)

What the hell does that mean?

I'm not motivated to check out your claims (not sure I can with my data anyway).... so let's go forth with this notion. OP was considering an 8% crash to 2200 in the SP in one day. What if I'd said, "there were no crashes that big except the -22% one in '87? Do you have an argument with that...