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To: POKERSAM who wrote (19475)12/15/2014 8:03:32 AM
From: robert b furman  Read Replies (3) | Respond to of 41629
 
OK Poker,

If your ABC is an expanding flat, followed by an impulsive C up ,your bias indicates an impulsive down next , where others think it is a 3 instead of a C based on an optimistic bias up.

Your summary on Henry's thread was excellent.

If I could mix FA with EW.

Every recession seen across the globe, has resulted after an energy spike up in price.

With the significant spike down in crude's price ( the result of a free market event being born from innovative technology redefining the availability of oil and debunking "peak oil" as fed to us by the illegal cartel named opec) you are EXPECTING PER YOUR BIAS, a decline.

Given a lag - I think your premise is weakened and conflicts with a very long term correlation between lowering energy costs and global recovery for almost all non energy sectors.

Time will tell.

I agree we are due a reset in the market as it has become oversold.

Last week did a pretty good job of getting us to a reset. more to go yet.IMO

Just my bias being expressed.

Bob