tag:blogger.com,1999:blog-8305505968390768234.post2906286768412240976..comments2023-08-10T11:39:24.714-04:00Comments on fdralloveragain: EW Insight - TRADING ALERTfdralloveragainhttp://www.blogger.com/profile/03488923148019117760noreply@blogger.comBlogger5125tag:blogger.com,1999:blog-8305505968390768234.post-36214307717552488822009-04-28T09:19:00.000-04:002009-04-28T09:19:00.000-04:00What happened to gold yesterday afternoon? Is thi...What happened to gold yesterday afternoon? Is this how it begins?curvecrazynoreply@blogger.comtag:blogger.com,1999:blog-8305505968390768234.post-41567895876115076842009-04-27T23:54:00.000-04:002009-04-27T23:54:00.000-04:00To answer your other question, yes, our wave 3 of ...To answer your other question, yes, our wave 3 of C should be disastrous. But I think we are probably still only working on a really big "A." Then, a many-year B. Then another disastrous C.<br /><br />I say that because we clearly have an 80 year (minimum) 5 wave leading into this correction, a quick ABC-complete is probably not enough (unless, perhaps, it takes us right to the target of Dow 800). The ABC should be a decade or two to scale well against 80 years leading in.<br /><br />More generically...<br /><br />Yes, the extended wave within any wave pattern will often repeat fractally. That is, the same wave will extend at varying degrees, and all waves will often reveal self-similarity that is suitable for trading.<br /><br />Unfortunately, experience tells me that the stocks/indexes that trade like EW fractal clockwork (and there are some) generally play out in impulsive bull markets. Bear markets, or the corrective side of bull market moves, are definitely more ragged. Just the way it is.fdralloveragainhttps://www.blogger.com/profile/03488923148019117760noreply@blogger.comtag:blogger.com,1999:blog-8305505968390768234.post-75711814059335230022009-04-27T23:31:00.001-04:002009-04-27T23:31:00.001-04:00To say that the appearance of a fractal equivalent...To say that the appearance of a fractal equivalent minute wave 1/2 is determinative would be stretching it. The options I've laid out previously remain in play, though this info actually presents a slight twist on one of them.<br /><br />Certainly it is possible that a leg down (which I think is likely beginning) could fit into a larger corrective pattern that takes stocks down first, then higher in the medium term.<br /><br />That's why I say let's not get too caught up in the labeling, but take what is being given for now (probable leg to 7500).<br /><br />During the short term leg down, hopefully we'll be able to buy a few vowels. Today is a good example of "getting a vowel", a little more info materializing to clarify the picture.fdralloveragainhttps://www.blogger.com/profile/03488923148019117760noreply@blogger.comtag:blogger.com,1999:blog-8305505968390768234.post-83914325342222640672009-04-27T21:56:00.000-04:002009-04-27T21:56:00.000-04:00FDR,
In your most recent thumbnail, you were comp...FDR,<br /><br />In your most recent thumbnail, you were comparing the fractal equivalency of wave 1 that started in Oct. 2007 to wave 5 that started in January of this year. In the above, you are comparing today's apparent wave 1 & 2 to the larger scale version of the wave that started in January. So, just trying to follow, is this somehow related to the rule of alternation? Also, does the "scaled-up" version of wave 3 that started last May imply that the final big leg down will also be scaled up even further, thus your prediction of a "distrastrous" leg down?<br /><br />Related to all of this, and considering that the government continues to push losses into the future or onto the taxpayer, what makes you think that your option of bouncing from 7500 to a multi month rally to then a longer developing disastrous leg down (years) is nto more prevalent than your peferred count of a re-test of 6500 after bouncing to 8100?<br /><br />Thanks for all of your effort in this blog by the way.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8305505968390768234.post-9972322793750086052009-04-27T21:48:00.000-04:002009-04-27T21:48:00.000-04:00FDR
Thanks for the heads up, and the hard work.FDR<br /><br />Thanks for the heads up, and the hard work.Russ Wraithnoreply@blogger.com