Wednesday, February 4, 2015

A Third Wave At Multiple Degrees of Trend

From Monday's EWI Short-term Update. If this count is right, then the acceleration phase comes next...
(In tonight's STU, for some totally unspecified reason, they were back to the usual - "the market could go up or it could go down bullshit". Which is what they said in 2007 at the very top i.e. they have a long history of losing their cajones at critical junctures, so we'll see if this is another example).

Fortunately Daneric hasn't changed his mind from last night, possibly because he hasn't posted again, as of this moment. Let's hope he takes the night off so that EW doesn't live up to its reputation as being half as consistent as a blind chimp throwing darts at a board.
http://danericselliottwaves.blogspot.com/2015/02/elliott-wave-update-3-february-2015.html

As we see, I don't change my fucking mind. This historically unrivaled disaster is going to fly apart in a way that evokes shock and awe in everyone. Even those sitting on big piles of cash. Whether it happens in the next 5 minutes, 5 days or 5 weeks is really quite irrelevant. My eyes will be open when it happens:


i.e. Fourth lower high on below average (10/90 day) volume

MW: Feb. 3, 2015
All of the Pieces are In Place for Collapse
"Given the current setup, the odds of a faster move down are high again, and the fundamental data is not in favor of higher prices either. That leaves the central bankers to come to the rescue"

Elliot Wave and Reality v.s. Skynet and Harvard. Game On