Well, Don, if you recall my basic work is picking exact times for intraday turns so I understand your point of view.
However, the broad market, to me, is in such flux that timing it is improbable. I would wager, that most of your work has never had to deal with a market that has had a a 130 point SPX selloff in, what, 2 weeks?
This is off the top of my head as I have not tried to plot anything since last week. It's "the old rules have changed" game. Except, the other way. Now, perhaps, Bull markets are allowed to play out for 2 days instead of the other way around.
Anyway. A straight decline is bullish to my way of thinking. You need a serious rally then a decline. A straight shot down will be met by serious money to drag it back up. This is just my opinion.
EDIT BTW. What happened to the Elliot Wave guys? |
