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#1 linrom1

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Posted 31 October 2022 - 09:36 PM

I am a fan of Pesavento's system. We have completed AB=CD down and now reached 38.2%. If we get a larger break out, this could go for some time.



#2 linrom1

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Posted 01 November 2022 - 02:18 AM

We could have something in China.



#3 Douglas

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Posted 01 November 2022 - 02:30 AM

I'm also a fan of Larry Pesavento's ABCD and 38.2% retracement strategies, but what is happening in China is off the charts.  To get an understanding of the potential consequences of the absolute power granted to Xi Jinping in the most recent Congress meeting, watch the following 35 second clip from Woody Allen's movie Bananas in which a new dictator issues his first dictates:  Underwear Must Be Worn On The Outside - YouTube

 

 Absolute power corrupts absolutely making predicting what will happen there very problematic. 

 

Regards,

Douglas