Tuesday, July 5, 2016

Elliot Wave Theory: The Borg IS The Illusion

The ones who don't believe in Elliott Wave Theory are the ones bungee jumping with a noose right now...happily blowing smoke up each others' asses via Circle-Jerk-o-Nomics...

People don't want to believe in financial fatalism, so they ignore Elliott Wave Theory (Social Mood). However, EWT isn't about fatalism, it's about introspection. It's about knowing one's own state of mind and whether or not we are caught up in the latest mania, bubble, or self-delusion...

If everyone was aware of their own state of "animal spirits" then bubbles would be far less common. Ironically, it's when people blithely assume that they're NOT caught up in the latest bubble when they occur. They don't see the bubble because they are the fucking bubble...

In Elliott Wave terms, the only "event" is called "Sell"...

The German Dax is right on the 200 week moving average AGAIN...



But it has only been tested six times this year, so I'm sure it will hold...



The real problem of course is Italy...



The France CAC always meets the S&P 500. At the bottom...