I'll be a happy fella if Vix blasts thru' the 200 ema on 20-min.
Bear Market almost ready to resume. .....
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If it does do so fellas, enjoy the sheer majesty of a wave 3 (on this 20-min. timeframe). Robert Prechter says 3rd waves have awesome, brute force. He ain't kiddin but he's rarely cott one. Can I catch this one? Fck knows. A big green up bar on Vix is the sign that wave 3 is underway.
How many wildebeest(s) have stated unequivocally, "its a new era or its a new way of markets, or a different age?" How many Goldman Sachs gurus & FED chief Ben Bernanke & Treasury Secretary, Hank Paulson unanimously said "its a new era, best business environment ever, a whole new ballgame bla bla in 2008 before the crash started Oct 2007?
They all have one thing in common. They are DEAD with survivors looking as if they've been brutalized by a Sigmoidoscopy and Colonoscopy.
Volpri, here is what your Gods said. Young Fibo, full of juice and verve fcked 'em all by going it alone. Game to Fibo.
Morgan Stanley's other famous Hi-So gurus and fiends, Ben Bernanke & Henry Paulson (= Treasury Secretary) from the October 2007pre-CRASH top and their legendary anal-ysis:
June 20th, 2007 – Bernanke: The mortgage debacle “will not affect the economy overall.''
July 12th, 2007 –Paulson: "This is far and away the strongest global economy I've seen in my business lifetime."
August 1st, 2007 – Paulson: "I see the underlying economy as being very healthy,"
October 15th, 2007 –Bernanke: "It is not the responsibility of the Federal Reserve - nor would it be appropriate - to protect lenders and investors from the consequences of their financial decisions."
May 7, 2008 – Paulson: 'The worst is likely to be behind us . . . . ”
May 16th, 2008 – Paulson:"In my judgment, we are closer to the end of the market turmoil than the beginning."
July 16th, 2008 – Bernanke: On Freddie and Fannie: “They will make it through the storm”, "… in no danger of failing.","…adequately capitalized"
Only two months later both were nationalized.
February 14th, 2008 – Paulson: (the economy) "is fundamentally strong, diverse and resilient."
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.
Sure. The 2009 Low is too far back for this ever expanding and improving World to return back to. But after the current long-term Bull (born 2009) is done, yes, a 50% drop for years - ugly, but likely. Then a new Bull and so it goes.
The increased volatility since Dec-2017 is surely a turning hint, but to navigate the internal girations is next to impossible. Even with marginal new All Time Highs likely in 2020, Big BEAR is certainly in the cards, but the 2009 Low? No.
Yes. However consider this since you are a wavecounter just like me. .....
Start counting from Great Depression low 1932. The 2009 low was Wave 4. The current wave is Wave 5. The only valid argument is that Wave 5 is not over yet. We sure are going to find out soon when/if my unrealized losses hit 150k when my Stop is hit.
After 5 waves up we now have an A-B-C correction. My call for the BEAR market is only wave A down to around 2009 low = previous 4th wave. Huge bull after that in Wave B (could be a triangle). Then finally wave C down to complete the rout. Then new bull for next 70 years.
Great Depression underway since Jan 26, 2018
Fasten seatbelts
An oddity but a sweet one indeed
Every single one is > 8 (1-10 scale)
Courage & verve take her over the top to a 10. Singapore Airlines stewardess.
This here is one example of a type that Fibo would have a conversation with for considerable time even after the sacs are drained.
This here is one example of a type that Fibo would have a conversation with for considerable time even after the sacs are drained.
Forgot whether it was you or someone else who said Elliottwave and then in the same breath, trashed Fibonacci.
Fibonacci is the underpinning of Elliottwave and all waves.
Fibo, I see your point. Unfortunately, the A-B-C formation for Wave-4 scenario have several flaws - mainly too short (time-wise) compared to 1-2-3- prior to y.2000.
How about we are still in Wave-4, a heavily skewed to the upside Triangle, currently in late stages of its smaller wave-d (see the attachment). Wave-e shall be quite of a Bear, true.
As for the strangely looking Wave-4 Triangle: read my previous post about the constant upward bias for this particular market. Also, the QEs quantitatively and Mr. DJT emotionally has exagerated this current Wave-d to the upside.
So please allow this market a little more of an upside and trim up your downward target, if I may. And patience, it will take years to unfold.
Attachments
quick review & update of the Battle of the Bulge:
Fibo vs ET's oldtimer deadbeats, Clubber Lang, option-attack, dozu888, Destroyer, vanzandt, Ncurious, Bone & many others.
These deadbeats have taken a good place buried it in a toilet. See video for how I would clean this place up. I'd fire all their asses because a loser is a loser. Newbies would then have a chance to learn something thru' proper discussion.
Can't believe that such a fine place like this ET has gone downhill so fast as per the History search engine. Look at the way Acrary helped traders. Absolutely beautiful, outstanding discussions.
All gone. Nowadays its just stupid shit and attacks and dig this, Zero Sharing of techniques. What a fcked up place. Nobody wants to put out. Never mind that they know doodly but the door to share is fckin solidly shut.
Retards
Fibo hammering the haughty, poser retards at ET
Fibo vs ET's oldtimer deadbeats, Clubber Lang, option-attack, dozu888, Destroyer, vanzandt, Ncurious, Bone & many others.
These deadbeats have taken a good place buried it in a toilet. See video for how I would clean this place up. I'd fire all their asses because a loser is a loser. Newbies would then have a chance to learn something thru' proper discussion.
Can't believe that such a fine place like this ET has gone downhill so fast as per the History search engine. Look at the way Acrary helped traders. Absolutely beautiful, outstanding discussions.
All gone. Nowadays its just stupid shit and attacks and dig this, Zero Sharing of techniques. What a fcked up place. Nobody wants to put out. Never mind that they know doodly but the door to share is fckin solidly shut.
Retards
Fibo hammering the haughty, poser retards at ET
OK, good. The towering wave D does make the structure look odd, but heck, let's assume its a possibility.
So, before we proceed with this magnificent disussion, pls do this:
wavelength relationship between the waves you mentioned.
I'll give you one for starters. ..........
Fib Exp or projection 2000 top to 2003 low to 2007/top gives 100% for SPX, 161.8% for Dow Jones, 161.8% for Dow Transports and dig this, nobody in the friggin Universe would catch this on Nasdaq Comp. .... they would be expecting a hit at 61.8% but the hit came at her sister, 38.2%. Just sheer poetry to me.
OK, pls proceed
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