Great to get your insights. It looks like the first weeks of February will be very exciting. Buckle up for the ride...
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Great to get your insights. It looks like the first weeks of February will be very exciting. Buckle up for the ride...
Thank you, @famunger! Should I get out my crash-helmet too? Ha-ha... :-)
Crash-humour is a sign of wisdom :-) Very nice analysis @passion-ground, don't have the feeling i got clear information here but that is a good sign as it is simply not clear now. What i do feel is some proven experience, a pleasure to read honestly. You sound so old and wise that i can not imagine you know about the formatting/styling needed to make a post like this. To conclude, i (we) want more :-)
So kind of you to say, @bubke! In a nutshell, a three-wave decline is corrective meaning that the bull market will soon resume. In contrast, a five-wave decline is "impulsive," suggesting further downside intent after any bounce.
Right now, from the top, unless a new marginal low is made without price rebounding above the first wave down, (in this case, the 12,525 level) the move down thus far appears corrective.
But like Lenny Kravit's says - "It ain't over til' it's over." :-) Hope that helped a bit.