Market will bounce back hard

[midniteeuropa]

more announcements to come for sure......

obama is not one to make decisions based on dreams and spiritual convictions.

 

[ljyoung]

Quote from Mvic:

One EWer's W1 is another EWer's W5

Mvic,

That's why I said I believe them only sometimes. They, as a group, are the biggest bunch of iteraters of any of the technical crowd. Eventually they usually do get it right but one can go bust waiting for the 'eventuality'. I agree, with your implication, that there are better ways. Bobby Prechter is a smart SOB, IMO, and I must admit I stiil enjoy reading his "Theorist".

lj

 

[midniteeuropa]

u guys ever think.....if all those technicals were of any value, that the group giving those predictions would be using them to invest ....rather than selling subscriptions ?

Quote from ljyoung:

Mvic,

That's why I said I believe them only sometimes. They, as a group, are the biggest bunch of iteraters of any of the technical crowd. Eventually they usually do get it right but one can go bust waiting for the 'eventuality'. I agree, with your implication, that there are better ways. Bobby Prechter is a smart SOB, IMO, and I must admit I stiil enjoy reading his "Theorist".

lj

 

[stock_trad3r]

Quote from ljyoung:

If anyone here believes the EW crew (I believe them sometimes) then they are currently saying we are looking for the end of a wave 5 down (of a Wave 1 down) which will be followed by a 3 wave, Wave 2 up. So the notion that a bounce is in the offing is not without some technical support.

However once Wave 2 is done, we'll be in for a major tank to new lows, so be nimble.

Excuse my EW nomenclature. It is not up to snuff but I think I have the 5,3,5 picture correctly portrayed.

lj

blah blah blah

elliot wave is worthless

The fed runs the market, and the moto is too big to fail=buy all dips.

 

[ljyoung]

Quote from midniteeuropa:

u guys ever think.....if all those technicals were of any value, that the group giving those predictions would be using them to invest ....rather than selling subscriptions ?

Great point.

lj

 

[ljyoung]

Quote from stock_trad3r:

blah blah blah

elliot wave is worthless

The fed runs the market, and the moto is too big to fail=buy all dips.

So loading up on C are we? For the long run, no doubt. BTW, what is a moto?

lj

 

[MAESTRO]

Quote from midniteeuropa:

I'm sure you do your boyfriends....let's see what happens by friday.

Well, time to go home! End of the week, Valentine's Day, Friday the 13th ... I was waiting for your "turnaround" with my holding breath. Oh, well, I guess, you are not going to share the wonderful stuff you were smoking; I understand. You need it yourself and it is probably expensive so with your bet on the "turnaround" you need every penny these days.
Cheers,
be well,
MAESTRO