Further, I hope this video will encourage a 'new generation' of Elliott analysts to dig into the specifics of wave counting, and help make it more scientific, and less vague.
Have a very good weekend, and leave a comment or a question if you liked the video. Most importantly, tell your friends to help spread the word, and support the blog.
Have a good weekend.
TraderJoe
Hi joe.
ReplyDeletethe video is perfect .bravo for your work.
question
so from now on we are in a bear market?
what is the bullish objective of the sp500 and the duration of the decline for you?
thank you joe for what you do
you are a chef
Thanks for the comment. Bear market depends upon beginning with a clear five waves down. That's all for now.
DeleteVery much appreciated Guru Joe Trader . Be Blessed.
ReplyDeleteThanks TT. You too!
Deletesuperb!
ReplyDeleteThx much!
DeleteGuru Joe
ReplyDeleteIt appears that this correction could take 5-6 months just as it did in 2011 and 2015-16. Is this sufficient time to cause a recession in the US? I think the last significant recession was after the 2007 crisis of the sub-prime mortgage market and the LEHMAN BROS collapse. Do you see any issues today that could cause a similar recession depression barring interest rates going up exponentially.Thank You Sir.
Your statement about length of correction is just an opinion or a proposition. What if it goes to 2021 as EW wave timing suggests?
Delete1. Overseas financial markets (London, Germany & especially China)
2. Trade Wars
3. Most especially, record Corporate debt undertaken to buy-back shares. As interest rates get higher, this squeezes Corporate finance and they can not (would not want to) buy back more shares using more expensive debt. They would have used 'debt' to buy-back an asset now declining in price instead of increasing in price. Then, one of those firms might collapse, ala Lehman.
Welcome, Tim.
DeleteJoe,
ReplyDeleteCan it be possible that we are currently in Wave C of 4 if 4 is an expanded flat or has that been ruled out?
As I have said many, many times now a longer flat (lower in price ) for wave Minor 4 would make Minor 4 longer in price than Intermediate (4) which would violate the meaning of wave 'degree'. A Minor wave must be shorter than its Intermediate wave counterpart. Please review the triangle portion of the video if unsure.
DeleteGreat video. Very informative. If this is THE TOP, it will be a Fibonacci 89 years since the 1929 Top. Im curious if you are in agreement with EWI on their ultimate target which seems crazy and I believe is lower than the 2000 and 2009 lows.
ReplyDeleteCorrect on 89 years. I will address the long term shortly. Top confirmation needed first.
DeleteThank you very much ! Good analisys and better explanation. Always you find the best words to communicate. A master class.
ReplyDeleteThanks. Glad you liked it.
DeleteThe 89-89 years cycle is awesome. They coincide 88-89 years between several panics/crashes in the past. This adds interest to this moment.
ReplyDeleteCould it be that the 15 16 correction was the 4th wave of one lesser degree in an extended 3rd wave from the 09 bottom, and we are now correctly making an expanded flat for the primary degree 4th wave? Thanks.
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Deletejoe i like your video. I didnt quite get or understand your comment about the maximum size of this initial 5 waves as it relates to degrees. i think you said something about the down move in February as a bound. maybe you were talking about it in reference to a fourth wave flat from January highs. not sure. but can you please address any restrictions as it relates to degree violations and the boundaries on this move off the highs given your count. thanks
ReplyDeleteNo, Marc. NOT in relation to a fourth wave flat. Please see comments above and please take that idea off the table for now.
DeleteHi Joe--just had a chance to look at your video and I remember a number of those charts from a few years ago! There is no one that I can find on the internet that has the talent and tenacity that you have to drill down so deeply to understand and explain Elliot Wave theory as you continue to uncover its secrets--and I've read alot of blogs and watched alot of videos. Thanks for sharing your insights and explanations gratis. Too bad there aren't courses in EW in college. You would be the go to professor! I asked previously if you'd make some comments on what you foresee in the future as far as market behavior after the indexes top because you're the only one I feel who would be worth reading on that topic.Your analysis is top notch. Thanks again.
ReplyDeleterose
Hello Joe, great video! Where can we learn more about wave degree labelling and there rules and guidelines? I want to become much better in counting my waves objectively.
ReplyDelete