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daniel039209
dicksmith5045072 said:
Now you all know that my Elliott Wave count is that we are finishing Wave 2 higher after Wave 1 Dec 2015-mid Feb 2016. Wave 3 lower should be quite strong. So we have a bear market, a Puetz crash window and a count of us heading into Wave 3 lower. These are the situations that a Puetz crash window pans out.
If you look back, the SPX made double bottom lows on Jan 20th and Feb 11th of 2016. The selloff from nov 2015 was from 2100 to 1800. Not clear if that is a "bear market". And those lows of Feb 2016, WERE THE LOWS. It was the wrong time to be bearish if you care about making money versus trying to be right. I dont know if you are quoting and old SMC or Elliot Wave letter or just someone else. Betting on a crash has been expensive lesson in hubris. but maybe today is the crash. But at new all time highs, seems like low probability
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rafe.thrasher5229
Dick Smith,
Excellent comment. I used your quote in my latest substack post.
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If you look back, the SPX made double bottom lows on Jan 20th and Feb 11th of 2016. The selloff from nov 2015 was from 2100 to 1800. Not clear if that is a "bear market". And those lows of Feb 2016, WERE THE LOWS. It was the wrong time to be bearish if you care about making money versus trying to be right. I dont know if you are quoting and old SMC or Elliot Wave letter or just someone else. Betting on a crash has been expensive lesson in hubris. but maybe today is the crash. But at new all time highs, seems like low probability
Last updated
Dick Smith,
Excellent comment. I used your quote in my latest substack post.
https://open.substack.com/pub/throughthealembic/p/the-coming-crash-true-time-synchronicity?utm_source=app-post-stats-page&r=brzbv&utm_medium=ios
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