Posted by doctormike on 6th of Oct 2009 at 11:34 am
EWI called the top early August and then late August. They
called it again two weeks ago. Now this looks like a triple
zig zag. Eventually they will get it right since there is no
quadruple zig zag in Elliott Wave.
Posted by doctormike on 6th of Oct 2009 at 11:44 am
Interestingly wave Y in the second zig zag is 61.8% of wave W in
the first zig zag. If this is the third zig zag of wave Z and it
equals to 61.8% of wave Y, we should make the top of 1151. That
will make wave W equals to wave Y plus wave Z. As nuts as it
sounds, we still have another 100 S&P points to go.
I remember EW people (not neccessarily EWI) in mid
2003 saying 'this pattern is so bearish, it has hardly ever been
seen before'. Well then how the 'kin hell do you know it is bearish
then!
inflation is here...they just don't calculate it
correctly...just like unemployment. The gov't also is not telling
us that this Health care debacle is going to be a HUGE tax levied
on the middle class....mark my words, if you read some of these
plans it will make your head spin @ the amount of weath it will
ultimately transfer from those who do to those who don't....
Newsletter
Subscribe to our email list for regular free market updates
as well as a chance to get coupons!
EWI 3 wrongs...strike out?
Posted by doctormike on 6th of Oct 2009 at 11:34 am
EWI called the top early August and then late August. They called it again two weeks ago. Now this looks like a triple zig zag. Eventually they will get it right since there is no quadruple zig zag in Elliott Wave.
I'm cancelling my EW subscription. I
Posted by Palladin on 6th of Oct 2009 at 12:14 pm
I'm cancelling my EW subscription.
I can get the same rehashed drivel from Agora Financial, Casey Research etc. for free.
Interestingly wave Y in the
Posted by doctormike on 6th of Oct 2009 at 11:44 am
Interestingly wave Y in the second zig zag is 61.8% of wave W in the first zig zag. If this is the third zig zag of wave Z and it equals to 61.8% of wave Y, we should make the top of 1151. That will make wave W equals to wave Y plus wave Z. As nuts as it sounds, we still have another 100 S&P points to go.
ewi
Posted by ucbarryk on 6th of Oct 2009 at 11:37 am
his prior letter said" if he is wrong then it would be a very rare pattern" i like my bull medium rare..
I remember EW people (not neccessarily
Posted by window72 on 6th of Oct 2009 at 12:05 pm
I remember EW people (not neccessarily EWI) in mid 2003 saying 'this pattern is so bearish, it has hardly ever been seen before'. Well then how the 'kin hell do you know it is bearish then!
yes and it looks like inflation may actually be here rather than the deflation
Posted by macnsc on 6th of Oct 2009 at 11:36 am
Prechter has been selling...? To be determined or?
inflation
Posted by dylan398 on 6th of Oct 2009 at 12:02 pm
inflation is here...they just don't calculate it correctly...just like unemployment. The gov't also is not telling us that this Health care debacle is going to be a HUGE tax levied on the middle class....mark my words, if you read some of these plans it will make your head spin @ the amount of weath it will ultimately transfer from those who do to those who don't....