Arik,
>>This bubble amazed me once more, and with your count it will probably do so again, since I don't see how can the major indices make new highs in a deteriorating environment (world equity markets, long bond, consumer confidence- all way off their highs).<<
THEY want to amaze, astound, and confuse you, and cause you to disengage. This is standard warfare strategy. THEY control and dictate the flow of money and flow of news to do this.
The correct Elliott Wave Count along with related skillful entry points, profit-taking points, and stop-loss points are our safe haven, offense, and defense.
When THEY announced over the weekend that an internet usage fee of 2+ cents would be imposed, who would have thought a 20 to 40% internet stock rally would ensue over the following couple of trading sessions. THEY are much more emboldened to manipulate news and set traps, since Justice and Liberty in America continues to set new lows from the 1912 peak.
Regards,
David
P.S. Feel free to post it on MC |