Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: TobagoJack who wrote (169498)	3/15/2021 7:35:49 AM
From: Rarebird	Read Replies (1) \| Respond to of 217588

I don't trade based on cycles. In fact, I am not sure I understand what that really means. I have immersed myself more into the study of Elliot Wave and have used it in conjunction with other technical indicators with a great deal of success in regard to stock picking ( long and short, but mostly long) over the past 6 months. I have also developed lots of patience in regard to my positions which has increased performance. I do still look at a few fundamental indicators, but I am not sure why I do this, since stock movement is primarily based on Wave movement. I am a little sceptical of what Armstrong has to say because he is full of a lot of animosity, anger and resentment toward the System. Some would define the System as Rationality par excellence, but I think that is a bit to idealistic. I have very strong views, theoretically speaking, but, in the end, I am very pragmatic in regard to the financial markets and maintain no biases. Where Elliot Wave has particularly helped is in taking ( and selling) positions in regard to stocks that have had very big moves to the downside and upside. It has given me a price reference to initiate and deleverage positions, whereas before I was hesitant to take ( or hold) a position that had dropped ( or risen) tremendously. Back to Armstrong, I have a friend who I met in Las Vegas, who was sent to prison for 8 years for obstruction of justice, that is, refusing to talk or open up in regard to a criminal investigation. What I noticed most about him initially is that he was very peaceful and at one with himself. I asked him once how he survived prison for that long and he said, it was easy, I just did my job and minded my own business. Then he said, I am not a snitch. His case involved not providing evidence in regard to tax evasion for a partner of his in business. I do see a blow off to SPX 6000. Then a multi decade brutal bear. It is all in the Waves. Strange that human emotion and sentiment can be price measured in terms of waves. But Hegel did the same thing in his Phenomenology of Spirit in regard to the History of the World and Human Sentiments. Of course, it can be questioned to what degree the irrational can be rationalized without doing some injustice to the emotion and feeling of the living person. But I am more of a Rationalist and have seen E-Wave work most of the time, in about 72% of cases. In cases where price just continues to extend, there are price points that enable one to get out with a modest loss. George Soros once told me that 66% of his trades were losses. But he let his winners run while cutting losses. True Peace comes when thought and sentiment converge. Others would suggest that identity in difference is the most we can hope for. Sure, thinking is a great passion. But I am in the former camp these days.