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To: #Breeze who wrote (6892)7/5/2023 5:31:28 PM
From: SGJ  Read Replies (1) | Respond to of 7553
 
So basically his B would involve a 100% retracement of the bear downtrend before the C down to 2200. The odds of that happening have got to be miniscule. I think the most probable worse case at the ATH would be a .382 retrace or about 4300. That would sync up to October/Nov 23 bottom, the usual retrace season. Then onward and upward into the new year.

I told him the bottom would be between 3400-3600. Its in a post to him back last Fall.



To: #Breeze who wrote (6892)7/15/2023 11:16:36 PM
From: #Breeze3 Recommendations

Recommended By
nicewatch
rogermci®
Steve Redding

  Read Replies (1) | Respond to of 7553
 
PS just confirmed what I predicted in the post I made on 7/5. I wrote that PS would give himself plenty of wiggle room with his revised bearish wave count and that he’d cling to an ABC flat and then an expanded ABC flat rather than consider a bullish wave count. His subs missed the entire move off the Oct low. He claims that a 78% retrace is no big shakes.

Message 34351236