The previous primary count for the DJIA is invalidated. It's hard to believe but the market continues to advance on a narrow list of stocks. There is not a way label an analytically pleasing 5 wave move from the October 2022 low. Therefore, the next count remains corrective. Elliott described B waves as phonies, orgies of odd lotter mentality, rarely technically strong, and … [Read more...] about DJIA: Proceed with Caution
expanded flat
Elliott Left a Pot of Gold at the End of the Rainbow
After the October 6th bottom, as discussed in the discord, I've been waiting for the impulsive structure to break and give us a 3 wave retracement for wave 2. It appears that correction is now complete in the form of an expanded flat. A very common pattern following a strong impulse. Since an impulse ended on October 20th with a third wave extension, the flat pattern traced out … [Read more...] about Elliott Left a Pot of Gold at the End of the Rainbow
BTC ETF Fake News
My primary 1-2-1-2 BTC Nano Count was invalidated today after the market wiped out my stop. This is why we practice strict risk management. Presumably, the market reacted to a single post by @cointelegraph claiming that a BTC Spot ETF was approved. It's beyond me how a single post cold illicit such a response, especially with no corroborating evidence. It also doesn't explain … [Read more...] about BTC ETF Fake News
