It looks like you will be right on both accounts, this one and yesterdays. To me the Euro looks like it will correct but probably stay in bull mode well into next year. I like the chart above. That is a B wave triangle in Elliots world. The A wave was the crash low from April. I took a closer look and this says we might be going back to test the lows of 09. My guess is they hold. This would be C down so it could be a sharp drop. I'm pretty loaded on the short side in last week so I hope so.
I agree with you, Will....which means I agree with Steveo...which means, to me, that we could-might-perhaps be closing in on the start of C of A, which will blow past this year's lows, to be followed by a fairly high bounce that will get the bulls in another lather--only to be followed by the big C, which I still figure to bottom down near ES 350-400. But this will take a few years to play out, if it does.
I still don't know what the ES 1250 folks are smoking, but I'm willing to play it by ear as it develops.
It looks like you will be right on both accounts, this one and yesterdays. To me the Euro looks like it will correct but probably stay in bull mode well into next year. I like the chart above. That is a B wave triangle in Elliots world. The A wave was the crash low from April. I took a closer look and this says we might be going back to test the lows of 09. My guess is they hold. This would be C down so it could be a sharp drop. I'm pretty loaded on the short side in last week so I hope so.
ReplyDeleteI agree with you, Will....which means I agree with Steveo...which means, to me, that we could-might-perhaps be closing in on the start of C of A, which will blow past this year's lows, to be followed by a fairly high bounce that will get the bulls in another lather--only to be followed by the big C, which I still figure to bottom down near ES 350-400. But this will take a few years to play out, if it does.
ReplyDeleteI still don't know what the ES 1250 folks are smoking, but I'm willing to play it by ear as it develops.
Hehe they are contrarians, bless their souls.
ReplyDelete