Bear Market almost ready to resume. .....
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ROFLMAO
Fib lines are meaningless. Indicators however are extremely useful.
You ask, what BEAR?
. Why of course its THE BEAR that was signalled by DOW THEORY in mid December, the oldest and most successful PurePrice Action TA which has stood the test of time for decades.
You ask, what BEAR?
Why of course its THE BEAR that was signalled by DOW THEORY in mid December, the oldest and most successful PurePrice Action TA which has stood the test of time for decades.
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.,
Hey Max, its no big deal what one uses, its the bank balance that has the final say. PURE PRICE ACTION = a nice clean & empty chart so you look at PRICE naked. Do not add ANY indicators. After months and months of looking at PRICE in his birthday suit, stuff will dawn on you. Now you're cookin. ......
Fibonacci, miving averages etc., etc., all come later, much later.
I have yet to meet a single Elliottwave trader who a simple trendline cannot beat with its eyes closed.
Even a 15 x 30 ema system will flog ANY Elliottician on the Planet any day any time.
The elliotticians at Elliottwave International make shit loads of money by doing exactly what sharks like ET trader, bone does. They hammer novices with courses, systems and whatnot. They live but the novices die.
After saying all of the above I personally do use Wave Theory but it is my own. The Universe does not give a rat's ass about Elliott Rules or any Earthling.
Even a 15 x 30 ema system will flog ANY Elliottician on the Planet any day any time.
The elliotticians at Elliottwave International make shit loads of money by doing exactly what sharks like ET trader, bone does. They hammer novices with courses, systems and whatnot. They live but the novices die.
After saying all of the above I personally do use Wave Theory but it is my own. The Universe does not give a rat's ass about Elliott Rules or any Earthling.
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