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Friday, March 11, 2011 8:53:34 PM
CHART SPX weekly: Why are there so many W,X,Ys in Snoot's charts?
That's easy, looking at the chart, we have been in a large corrective since 2000. Just like a wave 4 that is composed primarily of zig zags. I see many self proclaimed (expert) e wave techs trying to put impulse labels on corrective waves and it blows me away that they can't read an Elliott wave pattern.
I will admit however the double ZZ is a difficult pattern to recognize, but if you're going to call yourself an (expert) Ha Ha
you need to learn these.
$SPX - Weekly Candlesticks
That's easy, looking at the chart, we have been in a large corrective since 2000. Just like a wave 4 that is composed primarily of zig zags. I see many self proclaimed (expert) e wave techs trying to put impulse labels on corrective waves and it blows me away that they can't read an Elliott wave pattern.
I will admit however the double ZZ is a difficult pattern to recognize, but if you're going to call yourself an (expert) Ha Ha
you need to learn these.
$SPX - Weekly Candlesticks
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