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MTU - I want to cast your mind back a decade ago to the DJIA SPX pattern between Feb to Jun 2011 and ask have you figured out why there was a 3 wave rally to that peak in May rather than a 5 ?
As that is relevant to all the unreadable waves we have seen since.
Same as the 3 wave decline to the March 2009 low.
I suggest you refer to your posts at that time to end of 2011 when you were focusing on the Whilshire, RUT, NDX indexes etc.
Tail end of correction ? There is never a 5 on a final impulse.
The true EW count peak was in fact not the May 2011 peak.
The a similar thing went on in Oct 1983 - Jan 1984.
In the case of the late 2008 drive down to the March 2009 low there is a missing wave - has 3 down instead of 5. The 5 is either hidden in the decline somewhere or something else has gone on. And to that point about 6 years ago I saw on a science website an amazing claim that in early Dec 2008 a bunch of aliens stopped time on Earth for 9 days and checked out every lifeform - interestlingly the missing correction is would have been a little under 9 days (9 days lost ?) and mkts have been out of timing seq since then.
I see that our pal Ray Dalio has said how good BITCOIN is - your thoughts MTU ?
ReplyDeletehttps://www.marketwatch.com/story/bitcoin-could-become-outlawed-the-way-gold-was-outlawed-in-1934-speculates-bridgewaters-dalio-11616603781?siteid=bigcharts&dist=bigcharts
MTU - I want to cast your mind back a decade ago to the DJIA SPX pattern between Feb to Jun 2011 and ask have you figured out why there was a 3 wave rally to that peak in May rather than a 5 ?
ReplyDeleteAs that is relevant to all the unreadable waves we have seen since.
Same as the 3 wave decline to the March 2009 low.
I suggest you refer to your posts at that time to end of 2011 when you were focusing on the Whilshire, RUT, NDX indexes etc.
In hindsight, tail end of a correction, could be a three or a five in theory.
DeleteWhat are your thoughts on why they turned out this way?
Tail end of correction ? There is never a 5 on a final impulse.
DeleteThe true EW count peak was in fact not the May 2011 peak.
The a similar thing went on in Oct 1983 - Jan 1984.
In the case of the late 2008 drive down to the March 2009 low there is a missing wave - has 3 down instead of 5. The 5 is either hidden in the decline somewhere or something else has gone on. And to that point about 6 years ago I saw on a science website an amazing claim that in early Dec 2008 a bunch of aliens stopped time on Earth for 9 days and checked out every lifeform - interestlingly the missing correction is would have been a little under 9 days (9 days lost ?) and mkts have been out of timing seq since then.
ERR Meant never a 3 on a final impulse
Delete