Hi Jerry
I would never argue that Pretzel gets it right all the time or that EW is never wrong. EW works on probabilities and the practitioners bias often gets in the way. Pretzel for fundamental reasons believes this has to come all crashing down and for that reason he is missing this Bull Market.
Pokersam has the same problem, he also believes that we are in a wave 2 up and when it completes we will start a massive wave 3 down. Currently we have retraced .727 of wave 1 down which puts into question that this a wave 2 correction up. The .782 fib still lies ahead at 4529 spx, which may be there last hope of this being a wave 2 correction.
I haven't been in there camp for a good while, so don't misinterpret my views.
I started posting Tom Bowley and Lawrence McMillian here to give bullish views of the current market.
You could argue that Tom has been the most right even though he called the bottom at this time last year and acknowledged that as the October low occurred that was wrong but he has been full bore ahead in his bullish views ever since.
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