Bear Market almost ready to resume. .....

[volpri]

Therefore as per Dow Theory, as of the BEAR signal of mid December, a BEAR is in effect until further notice. What could change this to a Bull market?

The entire rally from Christmas lows must deliver a good sized (subjective) drop without taking out the December Lows and then rally and take out the high. That would be a new bull market signal.

If you are expecting ANYBODY here to apply even the basic tenets of Markets like even Lower low, lower high, dream on. This entire site is loaded to the hilt with practitioners who never took the time to grapple with BASICS which makes them duffers to the nth degree. Duffers to such an extent that if they were in England or Singapore or India, they would need grace marks but still fail.

Thank God these pricks are not doctors or pilots or civil engineers or ........ etc.,

Yeah BUT Mr. T wasn’t in office during that time Fibbo. It is now a different age.

 

[Akhaldanos]

The entire rally from Christmas lows must deliver a good sized (subjective) drop without taking out the December Lows and then rally and take out the high. That would be a new bull market signal.

Well, that's my most likely scenario in my "reflection notes", but keep in mind that in downward Flat Corrections it is not at all unusual for Wave-C to take out the low of Wave-A, unless Wave-B is hyper-strong (retracing all of Wave-A more than 138.2%)... or it can morph into something else, or your prior count might be wrong - that's the way it is with the Wave Theory.

About the good old Dow Theory: markets today are highly informed, "conscious" (due to information & technology age) and way more efficient than a century ago, so the rules might have changed a bit, take DT with a grain of salt.

 

[fibo_trader]

The magnificent Fibo as a Trend surfer will now outline his entire PLAN for surfing the largest wave ever of the Empire of the UK/USA.

Nobody here will comprehend it. But, if I am correct in my CALL, expect to see this entire thread and me on CNBC as that is what I am after. Its the glory, the sheer poetry of making such a call and backing it up with hard earned cash. Money don't mean a goddamn thing to Fibo. The more money one has, the further away from HOME one goes. Easier for a camel to go thru' eye of a needle than a rich man to go to symbolic Heaven.

Nothing else means a damn thing to Fibo no more, not the money, not the land, not the houses, not the women. I came to see Mr. Jones & SPX. After all this work, HE/She will tell me what they're after, even if it means DEATH to me.

I expect she will head to the 2009 low and surpass it to the extent of 1.09 or 1.146, or 1.236 or 1.382. Can sharpen that up later.

But first we gots to reverse this rally and take out the December lows.

We will know soon enough if I am wrong. I'll take my loss if so and fight another day.

 

[destriero]

THIS was THE call: https://www.elitetrader.com/et/threads/the-spx-has-hit-a-cyclical-top.325108/

 

[fibo_trader]

See chart of SPY (daily) for the greatest potential TrendSurf of History

The horizontal white line shows my starting Short entry before Jan 26, 2018 Top

Then the nice profit TP at purple line on 12/27/18. Why? Because I am a Fibo trader and at 161.8% I'm ready to take some juicy profit. I did. Do you see the Station #1? That's 161.8%. So where will I take partial profits next? At 261.8%. Then at 423.6%. Then extend the grid by switching to Monthly timeframe.

None of this thus far counts as it was before ET. So fck it. Right-click\send to\forgeddabout it



The other horizontal white line is this thread starting short 279.2.

If there is to be joy in my CALL, I can tell you this, I'llbe one happy fellow to have cott the wave in its infancy. There is a long way to go to the downside on this wave. But Inhave to be correct first.

 

[Akhaldanos]

Well, that's my most likely scenario in my "reflection notes", but keep in mind that in downward Flat Corrections it is not at all unusual for Wave-C to take out the low of Wave-A, unless Wave-B is hyper-strong (retracing all of Wave-A more than 138.2%)... or it can morph into something else, or your prior count might be wrong - that's the way it is with the Wave Theory.

I mean, if Wave-C down takes out the December low by a tad and you put down your other millions, and it really is just a Flat Correction before the final stage of the (frankly, quite old & ripe) Bull Market - it WILL hurt. Maybe for couple of more years, but with limited upside potential.

 

[Akhaldanos]

I expect she will head to the 2009 low and surpass it to the extent of 1.09 or 1.146, or 1.236 or 1.382. Can sharpen that up later.

I am 99% sure the 2009 Low will NEVER EVER be taken, ever. On our death beds the Dow Jones will be flirting with the 100 000 mark.

 

[destriero]

I am 99% sure the 2009 Low will NEVER EVER be taken, ever. On our death beds the Dow Jones will be flirting with the 100 000 mark.

You’re a bum trading with bucket shops. Thanks for the advice.

 

[fibo_trader]

TrendSurf chart's Fibo grid in thickened dark yellow.

 

[fibo_trader]

I am 99% sure the 2009 Low will NEVER EVER be taken, ever. On our death beds the Dow Jones will be flirting with the 100 000 mark.

Sure? .

There are NO certainties in financial markets, only probabilities/odds. You do your anal-ysis, then you take your shot esp. with a big swing, then you wait for validation or a kick in the ass.