tag:blogger.com,1999:blog-4251274909260261631.post6274012846635861663..comments2024-03-28T00:23:17.858-04:00Comments on Elliott_Trader: Powell Snores, China RoarsElliott_Traderhttp://www.blogger.com/profile/14941335198945083652noreply@blogger.comBlogger7125tag:blogger.com,1999:blog-4251274909260261631.post-1688930506361915212019-08-25T11:30:54.096-04:002019-08-25T11:30:54.096-04:00yep I didn't read it properly. This is basical...yep I didn't read it properly. This is basically Joe's count and what I'm also tracking to. The iii/C should target the 1.61 extension. I think it morphs into an impulse from there and continues lower through a wave iv and v with ultimate target being in the 2100-2200 region. This is what Avi and team is also tracking to.TJhttps://www.blogger.com/profile/02051746863606911254noreply@blogger.comtag:blogger.com,1999:blog-4251274909260261631.post-33452051588300566372019-08-24T08:45:25.683-04:002019-08-24T08:45:25.683-04:00R.N. Elliott was a brilliant man who demonstrated ...R.N. Elliott was a brilliant man who demonstrated the validity of EWT by actually making several remarkable market predictions. One critical way a postulate moves from "theory' to "law" is that it must demonstrate predictive value, hence the name of Elliott's famous work. Having said that, I completely understand why some people look on the method with some skepticism. I actually saw a count that designates yesterday's decline as part of a minute second wave correction inside an unfolding impulsive wave up. This kind of "analysis" poses quite a problem with folk who may not be familiar with EWT, but reasonably informed about other technical indicators in the market. I frankly find it absolutely stunning that folk considered "expert" would actually publish such a count. Something there simply does not add up... Tachyonhttps://www.blogger.com/profile/10866268625664509045noreply@blogger.comtag:blogger.com,1999:blog-4251274909260261631.post-36244321856642596782019-08-24T02:49:09.507-04:002019-08-24T02:49:09.507-04:00Love that you are Quoting Art Cashin Love that you are Quoting Art Cashin Toddhttps://www.blogger.com/profile/04106518316301480635noreply@blogger.comtag:blogger.com,1999:blog-4251274909260261631.post-46741867964590351642019-08-23T17:46:29.773-04:002019-08-23T17:46:29.773-04:00TJ "b of B" is not part of a triangle or...TJ "b of B" is not part of a triangle or diagonal.Billyhttps://www.blogger.com/profile/04789527978026192974noreply@blogger.comtag:blogger.com,1999:blog-4251274909260261631.post-3131988910225856422019-08-23T17:44:11.466-04:002019-08-23T17:44:11.466-04:00I thought higher 'b' waves (such as your b...I thought higher 'b' waves (such as your b of B at ~2943) are not allowed in triangles and diagonals. I could be wrong but maybe others can confirm. TJhttps://www.blogger.com/profile/02051746863606911254noreply@blogger.comtag:blogger.com,1999:blog-4251274909260261631.post-25812277174774194822019-08-23T17:40:11.009-04:002019-08-23T17:40:11.009-04:00"Steve Leisman from CNBC almost fell asleep s..."Steve Leisman from CNBC almost fell asleep summarizing it." hahaha<br /><br />Thanks Joe. Have a good weekend.TJhttps://www.blogger.com/profile/02051746863606911254noreply@blogger.comtag:blogger.com,1999:blog-4251274909260261631.post-38772188747651013192019-08-23T17:38:13.313-04:002019-08-23T17:38:13.313-04:00Thanks ET. Masterful job. My bias didn't work ...Thanks ET. Masterful job. My bias didn't work out this week but this is what I'm working off presently until the market tells me otherwise. Until new lows for the move are made I wouldn't like to see ES much over 2860 on Monday to remain confident on this count and definitely not over 2870.<br />https://imgur.com/3N7TsZp Billyhttps://www.blogger.com/profile/04789527978026192974noreply@blogger.com