Been watching this board forever with much amusement.
You crack me up. I am probably one of the few around that still has your Aug 87 and Dec 87 market letters plastered to my walls. They looked like they were typed on an old typewriter and cost about a nickel to print (compared to Bob’s million dollar newsletter that wasn’t worth a penny). Fkin priceless.
It is all about perception.
I also remember the great days of Ed Hart on FNN as we climbed the incredible wall of worry. And 89 and etc, etc. I still have videos of you and your crystal ball during interviews on FNN predicting sporting events…haha. That was a long time ago my friend.
I gotta ask because the wave structure has been so crystal clear. I have us in an A,B,C from the 10,750 area with A done at 10,000 and B done at 10,570 and C not due to be complete until 9,450 which is .382 of last 5 wave rally and also where C is 1.618 x A. We are in C now and it appears to me like last weeks low was a little tiny iii wave and the 10,050 level is a little iv. Wave v goes down to 9,750 to complete 3 of C then back to 10,050 for 4 of C then back down to 9,450 to finish this 2nd or 4th wave bastard up. If you do that expanding triangle thing connecting the low in Jan at 10,400 with the low in March at 10,000, it crosses that 9,450 are at the June expiration. That would put naz 100 near 1320 and the sox around 410. Even if the pattern is an a,b,c,x,a,b,c from 10,700 (with 10,750 being a B wave of the 1st a,b,c), we need to go down to 9,750 to finish, which is were the expanding triangle line is next week.
It seems to me that a big 500 or 600 point rally from here would likely mean that this weeks low was B wave of an irregular flat, which has some very nasty implications. IMO
What happened to Nick, you guys scared him away. I hate to say, but he is dead on about the boys doing their thing through programs. Oh well.
I don’t talk much and I will remain anonymous, but would love to hear your thoughts. |
