Let me take a crack at it, Max (with full apologies to Shack):
Ahhh, but here is where Elliott really comes in handy! = I've been studying this theory and reading this thread, and have made some money at it, so I'm going to convince you and myself that I have confidence in what I'm about to say!
If the move up from here counts out corrective, then we will know that the the down was impulsive! = If the market can't go up, then it's going down!
Then we can get on board without having missed too much. = Self explanatory.
If the up counts impulsive, we have a 5 wave up move ahead of us. = If the market goes up, then the market will go up.
We'll know so much more tomorrow. = Que sera, sera.
I'm seeing a doctor next week about having my tongue surgically removed from my cheek.
Seriously, the E-Wavers are convinced that either there will be a relatively strong short-term rally, or there will be a strong correction, and either way it will reveal itself within the next 1 to 1.5 trading days. (Just my interpretation of the reading I've done for the last couple days)
Doug |
