Don, you ask an interesting question. At my advanced age I can't for the life of me remember what I said last week much less way back in 2022, but lucky for me, Mark was smart enough to keep an archive of all the postings. So I went back and read all my posts from the time the low was forming from about the 19th of September in 2022 until the 17th of October to see what I said. As the low formed I was incorrectly bearish expecting much lower prices. As I noted above, sentiment was no help at the low since it had repeatedly given false buy signals all the way down. My EWave count was also no help since it was expecting a large "C" wave down to form.
From my posts back then I was totally bearish right up until my 22nd October post in which I conceded that the FED was switching on the pump, and I noted a more bullish alternative EWave count which I'm sure was in no small part due to my Chandelier stop being crossed the week just past. I stubbornly held onto my short term bearish EWave count until November at which point the current alternate big "B" wave count up was born, but the Chandelier stop had crossed over during the week of October 17th forcing me to be long.
Currently the sentiment part of my system is screaming buy, and my primary EWave count is bullish expecting a low to form now which could lead to new highs which is consistent with the Chandelier stop above which is still just barely OK even with the selling this week not reflected in the plot above. That bullish count will fail if the January 10th DJIA low is broken just below 42,000.
Regards,
Douglas
675ono
