tag:blogger.com,1999:blog-4251274909260261631.post4523735761583825650..comments2024-03-28T15:36:44.915-04:00Comments on Elliott_Trader: i or xElliott_Traderhttp://www.blogger.com/profile/14941335198945083652noreply@blogger.comBlogger5125tag:blogger.com,1999:blog-4251274909260261631.post-20309817023721332162018-06-01T09:44:49.183-04:002018-06-01T09:44:49.183-04:00Nice observation: Fundamentals, but more important...Nice observation: Fundamentals, but more important, the *sentiment* with regard that fundamentals.6Qhttps://www.blogger.com/profile/08501180361682845563noreply@blogger.comtag:blogger.com,1999:blog-4251274909260261631.post-31777670742213675502018-05-31T19:01:58.802-04:002018-05-31T19:01:58.802-04:00Hi PT. Doing well thanks. A wise and experienced b...Hi PT. Doing well thanks. A wise and experienced bank trader (Thomas Long, with FXCM) once told me "the stock price 'must' reflect the fundamentals". It is the fundamentals, and people's opinion of them, that make up the current price bar. What the fundamentals omit is the part about "people's opinion of them". When the crowd gets loopy and bullish, that where EW takes over. When the crowd gets depressed and bearish, that's where EW takes over. Elliott_Traderhttps://www.blogger.com/profile/14941335198945083652noreply@blogger.comtag:blogger.com,1999:blog-4251274909260261631.post-65617476690627316382018-05-31T12:59:42.486-04:002018-05-31T12:59:42.486-04:00Hi Joe,
Hope you are well.
I just heard a very int...Hi Joe,<br />Hope you are well.<br />I just heard a very interesting analysis of the market by someone from Morgan Stanley on CNBC. It was not based on EW but it fits so well with the scenarios we have discussed that I wanted to share it. His contention is that from an S&P perspective we had an unsustainable pop in earnings growth that coincided with a more agressive Fed posture. He maintains that this has since December placed the market in a time correction, that will range from 2450 to 3000 and will last until the end of 2019. He further speculates that we are in fact in a bear market of a rolling nature and quoted how many sectors have already had corrections of greater that 10% just not all at the same time. He speculated that it will be a bear market that is disappointing to the bears since there won't be a big flush.<br />Don't these concepts just scream a shallow 4th wave correction. It seems to align with the EWI count. I mention his opinion here as I find it fascinating that a fundamental approach meshes so well with an EW concept.Pittsburgh Tomhttps://www.blogger.com/profile/16280717828272526138noreply@blogger.comtag:blogger.com,1999:blog-4251274909260261631.post-4277263033122444852018-05-30T19:37:00.980-04:002018-05-30T19:37:00.980-04:00hi 6Q .. that count is possible; as in the "s...hi 6Q .. that count is possible; as in the "smaller triangle" which I have diagrammed quite often now. But, even in the NDX, a larger triangle is 'possible'. Only the RUT - which has a higher high already - has most likely confirmed the smaller triangle count.Elliott_Traderhttps://www.blogger.com/profile/14941335198945083652noreply@blogger.comtag:blogger.com,1999:blog-4251274909260261631.post-33414721014598877272018-05-30T18:21:01.858-04:002018-05-30T18:21:01.858-04:00Do you think that thiscount is valid for NDX ? Is ...Do you think that thiscount is valid for NDX ? Is possible in NDX that the triangle finished on 04/25?<br />Thank you joe. <br />6Qhttps://www.blogger.com/profile/08501180361682845563noreply@blogger.com