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Strategies & Market Trends : Classic TA Workplace

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To: da_cheif™ who wrote (201659)	2/5/2013 9:54:10 PM
From: POKERSAM	2 Recommendations Read Replies (2) of 209892

I do not know about John but I certainly DO NOT. You said, "so i assume you don't think that the epicenter of primary wave 3 up is underway" Tell me --How do you explain the declining volume over the rally from 666. In an "epicenter of primary wave 3" you would expect to see a marked increase in volume as the market powered higher in a recognition wave. It is just not happening. Volume has drifted lower as this wave (b) up advanced to its conclusion and it is now dismal. We should be seeing volume higher at the epicenter of wave 3. It is just not there. I do not understand your reluctance to see the overwhelming bullishness rampant today. You point to individuals who are bearish, and they exist, but the herd is in extreme bullishness. The cnn fear greed index topped at 94 last week. That index is not tied to anyone answering a poll or anything anyone says. It is the result of what is actually happening in the 7 best sentiment indicators from actual market action. The only reason I can see that you would reject the obvious bullishness is that it does not support your bias. "Conformation bias" is a strong force and can blind one to the truth. Google it. I would love to see some TA or Ewave to support your bullishness. What Ewave you have shown me before is very suspect. By disagreeing with you I mean no disrespect for your age or accomplishments. I just think you are making the same mistake that you made at the top in 2000 and again at the top in 2007. On both of those occasions you had the same epicenter of a wave 3 prediction that you have now. To err is human. No one would fault you personally for being wrong, we have all been wrong on occasion. I was even wrong once. That was a joke, I was just kidding. heh heh Good Luck FYI - If by some miracle it should turn out that I am wrong and you are right, I will congratulate you and fess up.

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