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Funny... they don't LOOK like poofs. (Then again, the good ones aren't all that obvious.)

What happened to them? They quit or dismissed?

It's not really an "edge" over the market. If you do it well you'll have an edge over other traders...because you are smarter than they are... but that's not worth anything. (There are no "edges over the market" for traders which are legal... like "front-running trades" or trading on "inside...

Current range on SP Futrures = 3840-3850 Support... 3930-3950 Resistance. Buy support, sell resistance... with discipline about taking risk and exercising stops. If those levels break, CHASE! All plays between the bigger support/resistance are just noise and no better than 50/50 with marginal...

In EWT, according to the "rule of alternation", wave 2 and wave 4 will each take a different form.

Oh, they've done PLENTY... most VERY BAD!

Some have noted, "Bear market doesn't end until the Fed Funds rate is > than the inflation rate". Currently, Fed Funds is what, 3.25%? Inflation 8.3% minimum. Can we do the math?

Wouldn't THAT be a hoot! But he's not running for a House seat. :)

You are correct on all... but your points don't make EWT worthless. It's actually in wide-spread use (as "one of the tools") all through the investing community including high-profile professional money management.

"Trading" itself isn't the path to riches. "Trading WELL" is different. That story is completely irrelevant to the notion of "trading well". Of course those "trading academy" things are a scam. They don't train people to be successful traders because they don't even know how themselves.

I doubt it.

Doesn't seem possible. The bear market is/could be still in the "denial" stage. THAT might be over by October... followed by a sizeable rally (Wave 2 in EWT terms)... THAT to be followed by "bear market recognition".. Wave 3 down) is one of the scenarios that make the most sense to me. The...

The market traverses back-and-forth more points in bigger chop ranges than can be made trending.... more difficult, of course, but worth pursuing. Objective shouldn't be to "strike it rich" anyway... should be more like gold mining... process the pay day after day.

See the 1st post in this thread... but later the NIH "withdrew approval" just as the ICMR (India's equivalent of our FDA) withdrew support after obliterating Covid in Uttar Pradesh... a region of 200MM people. The FDA pressured them, of course.

Yeah, well... too late. The "horse is out of the barn"... ZIRP allowed $30T debt build-up and there is no "reeling it in". Likely massive default or hyperinflation only options.

Yeah, but the Fed has LOTS to do with it.

I remember when passbook savings accounts were @ 5.25% and we thought that was a poor yield. Many people today would give their left nut for such a yield now... :)

Back before Volker's time.... Corp. Bonds yield ~9-10% 30 yr Treasuries, ~8% Money Markets ~6% Savings Accounts ~5% The markets and the economy got along just fine. Then... some government and banking guys got the idea that they could "get something for free" by lowering rates and deficit...

You mean the one with the muscles, Adam's apple and big dick?

LOL!