I already gave my assessment. Pretzel ONLY confirmed my BIPOLAR view. EW has so many paths it could take from a stratospheric move to an earth shattering crash all in the same chart.
I use Rick Ackerman the mega bear for momentum play. According to him we already BROKE OUT! I assume YOU read my post. the one where i got chastised for. The one that came out BEFORE Pretzels.
Forget about the January effect. nonsense. No One Believe we already broke out. Everyone sees dark clouds. As for the full year forgetaboutit! Will go down as the worse year in decades depending on when the drop starts.
This move is likely only wave 2 of a huge mega wave 3 that either starts soon or stretches almost 6 months out. I was the ONLY one that stated a month ago this looks looks consolidation for a big push up. I gave the EXACT same assessment as Pretzel without the EW counts. i used Common Sense and past pattern recognition. I always get slammed for it but no one can actually show data that proves theirs works better than a dart throwing contest.
I already gave my TELLS so I will NOT rehash them. BTW I don't blame Pretzel for his analysis, only the fact that it is useless when a major move is about to take place. It's like trying to decide if an active volcano will explode or remain calm. TODAY we have much better ways to determine. WHY NOT WITH ALL THE PROGOSTICATORS using various techniques? Surely a disparity of that sort should be easily determined. A dramatic drop in earnings or a favorable return? Only talking about 2023 yet no one seems to know. Astonishing.
TELL ME am i nuts or did "I" get slammed for giving the EXACT same argument tht Pretzel gave? Hmmmm. Shows you what a fool you listen to. I can prove it with every single major reversal period. Me, why i am ALWAYS early on my calls dumbfounded that the street is so obtuse in making it's mind. TODAY i know the path we are headed for but not the timing. Before the year is out 2200 on SPX will be hit. An outrageous statement. I have my bias for when but refuse to share what i look for or why. I love getting ridiculed for getting the pandemic and inflation drop right. Now this? how absurd.
As I stated before first week in February (no later than 2/3) we have a great idea short and intermediate term move. Buckle up!
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