6 replies to this topic

[andr99]

I' m doing the trial at an Elliott site (one among thousands...it's a vast category), moved by curiosity, as usual, of watching others at work. Well the count on the spx has changed for the third time in three days. Spectacular...if I needed confirmation that the theory is a failure besides a waste of time, I couldn' t find a better site. They're beating the world' s record of Elliott different counts on the same index in the shortest ever time frame. They're continually wrong so they change continually their road map....absurd     

[andr99]

Elliott apart, today I have noticed that many European stocks on my radar have bounced on support and placed an inversion candle. Tomorrow should be interesting

Edited by andr99, 26 September 2016 - 03:07 PM.

[K Wave]

YM held 18K today....no major crack just yet.

 

But like you said...tomorrow should be interesting....

 

Bulls pretty much gotta step up right here....

[qqqqtrdr]

Looked at my charts.....    No cracks yet...   Cycle theory is pointing to a low at the end of the week...   Put/Call 10-day is signaling a possible bottom on Wednesday or Thursday if selloff continues, and investors get loaded up  on the Put Side...

 

Barry

[NAV]

I checked the charts over the weekend on at least 6-8 different Elliot wave sites. They all pretty much had the same count. Either wave 5 or a wave 3 from the Fed day lows in the short term. On the long term charts either a primary 3 or primary 5 in progress.

 

When the big rally started from the bottom in 2009, few had any impulsive counts. They were all counting A-B-C corrective stuff. Now that a correction a overdue after a 8 year rally, everybody and his brother is marking impulsive counts on the charts. 

 

Ellioticians also display classic herding behavior at the turns. 

[gannman]

Well I think we are going to crash fwiw

[gameover]

turn that crash upside down

 

today will mark a major turning point

 

that quickly turns into ATH's