I see it, I recognize it, I honor it as a true possibility.
When I first spewed the ED idea to you it was early 99, I believe,and it was the NYSE that really got me going back then and it seemed like SP looked the same. I have continued to lean towards NYSE as more reliable count, because of its very broad representation.
Now if you look at NYSE, you could make a case that it's 3rd topped on April 1st and it's 5th topped Sept 1st. so i suppose that you could also argue that SP's 3rd topped 3/24
and its 5th was a failure around Sept 1....this being ONLY if you want to try to keep both of them in a lockstep same wave count.
OF COURSE, now I'm back to the other alternative, that being that Sept 1 was end of 3rd for NYSE, with 5th still to come.A-Y-y-I-Y-I-YEE!!!...what the??? thing that supports this is the NYSE still staying in ITS 1-3,2-4, and its count is still valid for a 5th yet to happen. A-YI-YI-YEE!!! which to believe?
NYSE is THOUSANDS of stocks, SP is 500 heavily weighted with
tech bloat, is the tech bloat 'skinning' skewing the SP 1-3,2-4 line? or is the NYSE resisting the inevitable because its not immediately overly influenced by tech bloat?
then the NAZ; has a good look of trying to finish the C wave of a big ABC down from alltime high. I happen to subsribe to the notion that this big ABC will be a completed "A" of a LARGER ABC. The B of this LARGE ABC takes it back up to 4000+...followed by C down to the land of extreme pessimism....IF this "B" wave up to 4000 land happens, would not this provide the push for NYSE/SP to recieve the fuel injected 5th look? since we have never gotten to the extreme pessimistic panic state over the last 6 months then the base has not been formed for a rocketship move up like the move up from oct98...would not this lack of extreme pessimism be in keeping with the sentiment found in a 4th wave,no? and since sentiment indicators are currently leaning to bullish side, wouldn't a move up here throw them into the ridiculous range?
and finally wouldn't a harsh move down from here really piss me off after tracking the ED for a year, while i sit here waiting for the infamous ONE MORE WAVE!!
I am sure you have mulled over all of the above, to which I say, WHAT THE HELL'S A GUY TO BELIEVE!!!!!!! or in more sophisticated and Technical terms, diarrhea,diarrhea,diarrhea |
