BEAR market rally's ultimate precedent, the 1929 crash ...............
The 1st leg down tore 'em a new one, just like SPX drop from Jan 4th this year. They were petrified even worse than the Petrified Forests. They prayed and prayed for a reprieve. The reprieve came mid November. As the bear rally continued the calls grew louder and louder for a new or continued bull market and this went on and on like today for our current bear rally that started June 16
The bear rally fooled ME by going past 61.8% but then I guessed 50% would contain the Tigress. It did.

Reversal occurred.
Then started the screeching and high frequency wailing of the torn asunder traders and investors as Mr. Relentless aka Wave 3 nailed every orifice. On and on and on it continued seeming to never end
Until Overnight threw in the FA towel and made the phone call to yours truly in 1930 to step in and intervene



Being an FA guy he expected a 1,000+ pages of hocus-pocus gobbledeegook but was shocked to receive just one page with the weekly chart of the Dow Jones showing that the place to look for a halt of the decline after 161.8% would be 178.6%. Note: the grid on the left was then copied and moved to where the grid on the right is. Its called wave measurement technique. It worked! 161.8% is the first place you wait for. If no joy, then 178.6% is next.
square root of 0.618 = 0.786
Boom! Nailed it!
The 1st leg down tore 'em a new one, just like SPX drop from Jan 4th this year. They were petrified even worse than the Petrified Forests. They prayed and prayed for a reprieve. The reprieve came mid November. As the bear rally continued the calls grew louder and louder for a new or continued bull market and this went on and on like today for our current bear rally that started June 16
The bear rally fooled ME by going past 61.8% but then I guessed 50% would contain the Tigress. It did.


Reversal occurred.Then started the screeching and high frequency wailing of the torn asunder traders and investors as Mr. Relentless aka Wave 3 nailed every orifice. On and on and on it continued seeming to never end
Until Overnight threw in the FA towel and made the phone call to yours truly in 1930 to step in and intervene




Being an FA guy he expected a 1,000+ pages of hocus-pocus gobbledeegook but was shocked to receive just one page with the weekly chart of the Dow Jones showing that the place to look for a halt of the decline after 161.8% would be 178.6%. Note: the grid on the left was then copied and moved to where the grid on the right is. Its called wave measurement technique. It worked! 161.8% is the first place you wait for. If no joy, then 178.6% is next.
square root of 0.618 = 0.786
Boom! Nailed it!
