SPDR S&P 500 (SPY)

[Fox13]

Hi Two! Wavy people are a bunch of smart cookies. Not only do they know all the contorted laws of E Waves; they are excellent fundamentalists. They know what the Gov Sucks does and all that is wrong. The bubble has to pop. BUT WHEN??? It will pop when the straw will break the back of the camarilla … sorry, I mean the camel. And where is the straw? Here is the problem of the wavers: they don't know and the TA of EW is not very precise in timing…to say the least. Elliott had the touch of genius: he could correctly time and call the direction without the “directional duplicity” so commonly exhibited by his epigones. Imagine Prechter these days ! An intelligent and articulate technician who has been short since July. But his friends still trust him.