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Completely agree - that count is flying under a lot of radars and it's totally possible. Here is a closer look at how it could be a series of compounded waves. The rules of elliot wave: 1. Five waves up (impulse wave), three waves down (corrective wave) 2. Top of wave 2 is always below...

The old spike fade setup. Can't go against a spike without being able to get poked!

Just gonna throw this out there for any bystanders watching this soap opera. The long term wave count from the early 1900s. Bob Prechter in his book on EW theory published in the 80s, had a good picture of the situation up to that point but he counted out the fifth wave as ending in the 90s...

Just what I was looking for, thanks!

It could easily be counted as a start of a 3 with many compounded 1's during all that chop. Very little of elliot wave theory is usable in trading. You can't just count a wave to prove it's over. Bob Prechter did that back in 2012 (I had his advisory letter, unfortunately), and he was...

Did he actually cover his shorts? Not sure how you can read all this :D

Tradestation was excellent back in 2012-14 and the 9.0 platform. Now they have free commissions, data, platform like everyone else so they are selling order flow to Citadel, Getco, et. al just like all the discount brokers. Does anyone actually make you pay to trade anymore?

I'm no guru but the move could be getting near the end.....

I did too, and then the market decided it needed to teach me the lesson of Mrs. Boyd..... The riddle of the obvious I think I have figured out. But I might need a new broker to be able to act in these markets on any timeframe below daily. Never had this problem with tradestation, but even...

There are two conditions each buyer and seller need for them to be able to do anything capable of moving price, but I'm not going to spell it out. The market has already punished me for posting too much.

The typical end for every leveraged newcomer who is only thinking of how they're going to live in luxury if they gamble big on that one obvious move. Answer me this. Why does the market go up and down? I'm not talking the huge moves, just the swing moves and intraday gyrations. You obviously...

Why not feather into your position as price moves in your favor instead of making a margin gamble? One spike in the opposite direction and .......

Wow, nice short setup if you can find the shares:

You're gonna get smoked. We don't worship the fed, we just know it has the book of blank checks and can make the difference between inflation and recession with monetary policy, which require opposite directional bias for anyone trying to ride the wave. But you seem to have already decided to...

Whatever it is, my money is on order flow because they're paying to see me hold a few hundred shares in my etrade account. I swear thay know when I cut losses because the move I was positioned for will not begin until I'm out! If anything is free, you are the product......

The market has a sick sense of humor. When the fed starts tapering in any significant fashion, you will probably already be insolvent from all the face ripping rallies along the way.

Threads like this almost guarantee the bear market is over.

Thought experiment, based on Charlie Munger's principle of "invert, invert, invert" (basically the same as Sherlock Holmes "eliminate the impossible"): What is the obvious NOT: 1. A guru 2. A trading system, or anything that views the market from the trader's perspective 3. A technical...

If any proof was presented it would quickly spread to all the prey in the market, which would adopt it and become a giant target. The point of this thread "obviously" flew over your head! I mean no disrespect by this.... There are only two ways out of this that I can see, to change from...

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