For those who believe that EW Theory is akin to financial "astrology", feel free to consult the nearest paid financial advisor (asset accumulator), as to where they see "Imagined Realities" taking the stock market this year. As to EW's ability to predict the stock market in real-time - that has been sadly assiduously documented and disproven for five years straight by Prechter & Co. Trumped by Skynet and Bernankenstein.
Central Banks have sponsored a false sense of invincibility
That said, to believe that the primary emotions of greed and fear which are the basis for EWT, have now been permanently replaced by HFT Bots and Central Bank Drip Feed levitation, is a fool's errand of the first order. As we are seeing with oil and commodities in real time, there is no exit strategy in any direction.
That said, to believe that the primary emotions of greed and fear which are the basis for EWT, have now been permanently replaced by HFT Bots and Central Bank Drip Feed levitation, is a fool's errand of the first order. As we are seeing with oil and commodities in real time, there is no exit strategy in any direction.
Currently it appears that Skynet is fighting the attenuating fractals that make up the Elliot Waves. In EW parlance, we are seeing a series of 1-2 waves to the downside, each on an ever-attenuating timescale...believe what you are seeing, or not:
APPROACHING THE CHANGE-OF-UNDERWEAR PHASE:
APPROACHING THE CHANGE-OF-UNDERWEAR PHASE:
Global Dow (all countries, including the U.S.):
Short-term: FIVE LOWER HIGHS SINCE JULY
(Prechter would shit a brick if he saw how I labelled this...)
(Prechter would shit a brick if he saw how I labelled this...)
IPO ETF: Skynet exists to pull capital into IPOs AND front-run Etraders:
"It's been this way for years now"
Six years of Central Bank sponsored greed has banished fear.
Or has it?
Or has it?
