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To: POKERSAM who wrote (29096)7/12/2018 6:34:46 PM
From: skinowski  Respond to of 41499
 
I have nothing against a bear market, as long as it's nice and peaceful... :)

Bear markets is where trend followers make their money - because of fairly reliable exit and reentry signals. It needs to go on for some time, to give the moving averages and time series schemes enough time to catch up - and to re-enter you at lower levels. During bulls, trend following is worse than ltbh - because of occasional whipsaw.

so, if we stay healthy, perhaps we'll get more wealthy... -g



To: POKERSAM who wrote (29096)7/13/2018 5:58:59 AM
From: GROUND ZERO™  Read Replies (1) | Respond to of 41499
 
Why are you posting disgusting pictures anywhere on SI???

Is that really what you're about??? I thought you had far better sense than that...

screenshots.firefox.com

GZ



To: POKERSAM who wrote (29096)7/13/2018 11:46:44 AM
From: Fintas  Respond to of 41499
 
PS:Well said and nicely shown.

"Some have referred to it as Armageddon.
No just a reasonable correction. Five Cycle waves up and three Cycle waves down.
This is an idealized illustration."


On an aside if one were to look at GE objectively and after it FAILED to take out it's RSI 3 times along with the 34.02 it wasn't hard to see it had topped in year 2016 and down was coming. Now not quite 2 years later and look at the depth and steps down. With the understanding they tried to hold it first in the 22/then the 19/16/14 and looks like 12.65 could be the bottom.

Will the SPX do better with the % down. Many hope so.

Yet I bet many a GE holder would be thrilled to have seen 18.10 hold to turn and go.

Now we wait to see just where does the SPX drop.. to hold to turn and go.

Many are hoping it was 2538 ish.

I'm not in that camp. I expect 2538 to be tested again and busted. The question to me is will it be from 2815/2850.. 2916/3168. I'm sure the money guys would love higher to control the down.

ME? if the fix is not strong enough it will fail: Simple mechanical 101.

Thanks for providing your objective views that allow you to adjust your numbers when needed.

I'm one who remembers how you adjusted from down to UP way back when to catch this upside with many moves that offered a trader like you many in's and out.

I'm surprised at how many have trouble understanding/accepting your work and numbers. And I continue to be amazed at how many take the cheap shots at you.

Fintas