The bump we got yesterday I've been waiting for a week. Which reiterates my "This is happening Faster and bigger than I expected.
With an expectation of the 12800 low. Sow far.
OK, Without Pictures. This was either a 3 stage pull back, or developing 5 stage impuls pulback and yesterday was the either wave 4, or a wave 1 With today a probably B Stage pull back. But the question is if it's more predictive than higher highs and lower lows...
and it just isn't. I'm going to keep looking into it.
Financial history doesn't repeat itself, but it often rhymes. You can't be stupid enough to trade off anything I say.... I'm lucky they let me out of the straight-jacket long enough to trade.
J. P. Morgan
Wednesday, November 14, 2007
Elliot wave theory
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