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I read one of Bill O'Neill's books... he said he "made money shorting only 2 times in his 40-year career". While "up" is the opposite of "down"... it is NOT true that a bear market is the mirror image of a bull market. The PSYCHO of the bull and bear are waaaaay heavily slanted towards the...

The FDA, CDC, NIH and others... all co-conspirators in the greatest "crimes against humanity" of all time. :(

A risk/variable with any stop order... regardless of where you place it.

Whenever something is "guaranteed", it costs more.... one way or another.

Volker is the last Fed chairman with a pair of balls!

It's a laxative.

In 1980, the Fed had a "real man" at the helm... Paul Volker. That's different. When Powell looked like he was going to do the responsible and necessary things... raise rates and pare the balance sheet, I was feeling relief. But when the market "squealed", he pussy'd-out and went to...

Market completed the described "5-waves down, impulse wave" @ 3855. That was either the entire W3 in the bear... in which case the bear will be more "average" than "severe"... and will likely be completed by the fall. OR... the impulse wave was actually "Wave 1 of Wave 3" of the bear.... in...

The media(?) glommed onto the notion of "-10% is a correction" and "-20% is a bear market". But a real bear market is also psychological.... month-after-month of grinding down with desperate longs agonizing over their losses. The notion of a "quick -20% = bear market" is ridiculous. The...

Anyone got a thumbnail explanation of why LUNA crashed to zero... or was it "just 'cuz"?

So that's why they taste like that...

Suggest holding off on your short at this time*. Save it for 4250-4350 (ES).. perhaps as early as next week. If this turns out to be prescient, you can send me a box of Omaha steaks! :) *But if you feel compelled, suggest making the play with put options where your downside will be limited.

Got news for you buckeroo... Elliot Wave analysis is part of "Price TA". Some of it is (approximately) as clear as the nose on your face.

So far, "no crash". Investors have had the opportunity to exit and limit the damage. A "crash" happens so fast and is so big everybody is trapped. Nothing we've seen so far is anything like that. The only "crashes" I ever saw (or can see in the charts) was the one in 1987... -22% in one...

Incorrect. A 27" UHD monitor and a 55" UHD TV will display EXACTLY THE SAME amount of data... only will be bigger...the 55". (The both have 3840x2160 pixels.)

Lots of competition for THAT honor! :)

Boggles the mind to think someone is stupid enough to pay $10s/100s/thousands/millions for some stupid little low-res pic some teenager can compile in 5 minutes. NFTs might be the ultimate example of PT Barnum's famous quote... "There's a sucker born every minute".

Likely NFTs too.

Yeah, right. After the "dot.com" bust, many lost 83-97% of their capital. Not everyone "has the stomach" for that.

IF my wave count is correct... and if there is going to be something we'll look back upon as a "crash"... it will likely start after the next correction/bounce. More details later if it looks like that's what is playing out. For EWavers... I'm thinking today's bounce might be W4 of W1 of W3 in...