Dead cat bounces can happen.
I do not think we are anywhere near the start of the bull.
We will have to wait for the Fed for that since so many put stock into it.
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Dead cat bounces can happen.
I do not think we are anywhere near the start of the bull.
We will have to wait for the Fed for that since so many put stock into it.
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I am anticipating one shorter weekly downward wave and my EWP chart will be completed.
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It is highly possible. I do not think we saw a bottom yet. Of course, no idea how long it will take to fully play out.
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Chart reading and wave counting aren't easy. It could be interpreted in both ways. 17,580 could be the floor or just the base of the 3rd leg of intermediate Wave C. If the latter is the case, I am expecting two shorter waves (one up and one down) to complete Wave C. Once completed, I think a potential reversal will follow next. .
I think your right. We may see sub 20k again.
I think the idea of a bull run now is premature, a bull trap maybe
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Yes. It seems there are still headwinds.
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Everyone expects another dive towards 12-13 K.
The only reason why I'm sceptical towards such scenarios is that is based on models and extrapolating previous cycles to current one. And many of the models have been proven wrong now.
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Oh thats good information to know.
Thank you
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