SPDR S&P 500 (SPY)

[Fox13]

Glen, I promise to be serious and professional, and to restrict my comments to TA. Thus, I will first recall with Kondratieff, paraphrased by Elliott, that the comparative analysis of the past and present events, if correct, should have a predictive value for the future. “Yes” said J. M. Hurst “but to do so, you must define VALID TERMS OF COMPARISON“. And fox modestly asks: “what do we really compare?”. Which brings us to a “Fractal Example” of this problem, as illustrated in the following anecdote…..

…A party in the Rockies. Sunk in an armchair , I sip my malt. Nearby, a good friend - an authentic Vietnam War hero pilot and a race car owner- entertains a lady. She is a collagen + botox engineered beauty, sporting a colorful ski outfit with the a promising logo: HEAD. I don’t know her… probably a tourist. Here, only tourists wear ski outfits after 5pm. She says: “ …yes, I had to divorce him. Imagine…the bastard loved his car more than he loved ME! “. My friend scrutinizes her for three long seconds. Then asks: “What kind of a car was it?”