shortterm - You are right about W%R saving my bacon today oand not Ewaves. I said so today when it happened. Bacon was even my word. However. EWaves have guided me thru the last several months to near perfection. I have correctly called the turns, stalls, slides etc. before they happened. I have the charts to prove it. I did it using a combination of EWave. fibs, S/R, and patterns. The proof of the pudding is in the tasting. Period.
The chart of the future that I did a week or so ago was based on the highest probability at the time. I agree with you that the longer we go the less likly it is we reach 39.20.
I have stated clearly that corrections are much more difficult to call than impulses like we have just completed. An impulse move is a simple 5 wave pattern. Corrections can take some 12 different forms and there is no way to tell what that will be till it has progressed to a certain point. This correction has not progressed to that point yet. This is the first correction off of an intermediate 5 wave this year.
When did you ever hear me say that I did not believe in fundamentals. Spookyone said in a post today "I know you don't believe in fundamentals". How he knows that I don't know because I have never said I do not believe in fundamentals. Ewaves map the emotional swings of real people. It is human emotion that drives the markets (primarily fear and greed) and those emotions are affected at times by fundamentals and at other times they are not. The tech bubble had nothing to do with fundamentals, right? It is much easier for me to follow the emotional swings of the markets because they follow a set pattern than it is to try to figure out how humans will react to a change in fundamentals.
I think there are many who believe we are going down and they are right. The problem is that they think we have to do it in a straight line. Impatience to see what you believe is going to happen will only make you early. You cannot go straight down to Oct. 02 lows in a straight line. We will get there but there will be many counter trend corrections along the way. This is one of them.
You say we must finish this correction in the next two weeks because we are gong down. So, contrary to your statement that you DON'T, I guess you DO claim to know how things will unwind.
We will be very low by the end of Sept. We will be into a HUGE 5 wave down by then. Be patient, and let's see how this correction play out. Whatever form or how ever long this correction takes we will not go down till it is over.
Remember this: The psychology of every A wave is disbelief. Thinking it is just a little pullback before the next big leg down.
AI
