Bob & Steve were struggling to call the bottom of the corona crash - I sent them this. A no-brainer.
50% level long-legged candle on monthly guaranteed the bottom while the world was falling apart.
God bless TA
Is the Bear market that began January 2022 over?
- Thread starter margin_gamble
- Start date
Bob & Steve were struggling to call the bottom of the corona crash - I sent them this. A no-brainer.
50% level long-legged candle on monthly guaranteed the bottom while the world was falling apart.
God bless TA
In reading past EWTs and their financial forecast service I noticed they had been struggling with calling the 2007-2009 bottom. In fact they were too bearish even at the low
Where did the no-brainer 2008 crash end? Remember we are talking about the crash that brought the world to her knees and confused the daylights out of evdryone .........
The crash ended where it should ............ at the 50% or 61.8% mark
see chart
and it does not matte which grid you selected .... the great depression grid or the 1974 grid, both give the same result
The magic of the Fibonacci sequence
Where did the no-brainer 2008 crash end? Remember we are talking about the crash that brought the world to her knees and confused the daylights out of evdryone .........
The crash ended where it should ............ at the 50% or 61.8% mark
see chart
and it does not matte which grid you selected .... the great depression grid or the 1974 grid, both give the same result
The magic of the Fibonacci sequence
So, where will the current BEAR market end?
Spot on. I had the same difficulty. Then serendipitously I stumbled into the monthly timeframe and voila, the counts are soooo much easier to read. The lower the timeframe, i.e. going toward the real time frames the harder it is to read the waves.
Just my 2 cents
You might like this story...
Years ago I committed a computer to a program to do only EW counts. One time I recall it having tried 93,000,000 different counts to come up with a primary and alternate. Overall I remember it picking only TWO swing lows correctly.
IOW... very difficult to read EWT on "every wiggle", but I find the BIG counts to be viable, though infrequent.
Spot on. I had the same difficulty. Then serendipitously I stumbled into the monthly timeframe and voila, the counts are soooo much easier to read. The lower the timeframe, i.e. going toward the real time frames the harder it is to read the waves.
Just my 2 cents
And some still claim, "TA doesn't work".
If youdon't mind let me give these boy a nice drink of Caju Feni regarding TA
How great is TA?
(Ignore my performance in Qs pls as that would give a false notion as I've been a bum here)
TA save my life and its not just Financial Markets. The entire Corona Wave sequence follows the 5 wave pattern. then ther is the fat tht Heart waves, ocean waves, astrophysics and brainwaves all follow the same concept. Its an all encompasing concept.
Applied to a relationship between and man and a woman it works flawlessly too. Keeping in mind the waves are a fractal ...........
when you experience major rapid rise int eh quality of relationship edpect it to last for years and be onthe look out for the wave to end as it is a wave 3. then prepare to take a load of sh*t from HER during wave 4 correction.
What type of sh*t?
Honey can you get me a beer since you're gong into the kitchen? Get it yourself you lazy ass****.
Stick it out. Next major wav is wave 5 up and its all lovey-dovey again
My view... regardless of whether we're already in a bear market or it's coming later... is that the bottom is waaaaaay lower... either that or JPOW chickens and leaves us with high inflation for the next decade or worse. Neither choice is good. I hope for the "crush inflation and 2 years of misery" vs. perpetual inflation misery.
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My expectation is a step by step move down to the final BEAR low ............. easiest thing to do is to take the prior wave 4s of one lesser degree. That's where the market will most likely go
So therefore based on wave 4s ..............
First stop: Vicinity of corona wave bottom which if a "b" low has the same power as a Wave 4
2nd stop: March 2009 vicinity 6469 Dow Jones
3rd stop: 1987 crash hi to lo region if it gets that far.
Taiwan in Wave 3 Corona Pandemic. God help them
Now throw in China factor.
This wave 3 for Taiwan promises to be a doozy
Now throw in China factor.
This wave 3 for Taiwan promises to be a doozy