We Appreciate the constructive and informative feedback you provided with your response. Because now we all know much better where the index will go next… I honestly find it amazing people actually find the time and need to write such nonsense.
4095 of minor importance. We may add failing regional banks to this list as well. But you know what, this whole list does not tell us anything about the markets or where they will go next. Nothing. Instead, despite this long list markets are up significantly over the last weeks and months. Go figure.
The masses will always join close to the top and exit close to the bottom. That's why the markets work the way they work, and that sentiment is what the EWP tracks. It never fails. Based on my subscription count, I know most people joined the crypto bandwagon fall of 2021, and most exited in the spring/summer of 2022. All on cue, but now one can't get anyone near cryptos with a 10-foot pole while we have been Bullish since October last year... They'll come back in droves at the top again...sadly enough... rinse, lather, repeat. The masses will always join close to the top and exit close to the bottom. That's why the markets work the way they work, and that sentiment is what the EWP tracks. It never fails. Based on my subscription count, I know most people joined the crypto bandwagon fall of 2021, and most exited in the spring/summer of 2022. All on cue, but now one can't get anyone near cryptos with a 10-foot pole while we have been Bullish since October last year... They'll come back in droves at the top again...sadly enough... rinse, lather, repeat.
Yes, and no. Yes, assuming the average ~15:1 relationship holds up. But that ratio was 50:1 in 2021... No, never imply the price of one asset based on another asset. Assess BTC's chart on its own.
FYI: Unfortunately, some got lost in translation/editing, but the Title should read "Is Ethereum still on track for $3000?" and "as even the staunch perma-bears cannot make such a move." should read "as even the staunched perma-bears cannot NOT miss such a move.". Thank you,
Thank you for a beautiful, well-researched, and thought-out article. Financial system stability should take precedence over -in this case- moderate inflation at best. Prioritizing combating inflation while letting the financial and economic systems crack and crumble leads to far more misery than 5-6% inflation, which most people can relatively easily deal with. But nobody can deal with bankrupt banks.
Did you ever take my side and responded to a commenter who insulted me? I'll wait for your reply... Regarding that article, did you read it comprehensively and check the accompanying chart to see when I anticipate that 5000+ level to be reached and what -much lower price levels- we will most likely see first before we rally to that level? Context matters! Did you ever take my side and responded to a commenter who insulted me? I'll wait for your reply... Regarding that article, did you read it comprehensively and check the accompanying chart to see when I anticipate that 5000+ level to be reached and what -much lower price levels- we will most likely see first before we rally to that level? Context matters!
BEL, please read comprehensively. 1) I never said the market would go to 4800 once the Bear was confirmed mid last year. 2) 4300+ remains our primary expectation. 3) mid 2000 is only possible after a bounce that stalls out at key levels and then we move below 3800. What is the priblem with that? All I do, is point out the potential so readers can take appropriate action. As for insulting, most commentators here do not follow the guidelines, as they insult, name call, ridicule, vilify, and harass me. Others are just nonesensical. It is time to push back and reinstall some manners and a basic level of intellect.
Please read comprehensively…. The primary expectation remains for 4300+. But if we go below certain key levels you know what to look out for, and it ain’t gonna be pretty. It is up to you to decide if you want to take the appropriate action or not in that case.
Most commentators insult me. Saying my work is garbage, I am a quack, a fraud, a con artist, stupid an idiot. Etc. Maybe it is time to push back. I am merely pointing out the potential in the charts. So yes, there is potential for mid 2000s and eventually this market will get there. It is a matter of 4300 first or not. You all better prepare.
*I dont need to KNOW about… Besides, of course an analyses of the SPX says nothing about anything else but the SPX. Assuming analysis of the SPX some how could predict SVB’s debacle, which one could only possibly foresee by studying the bank’s financial reports and stock prices btw, is as silly a thought and statement as saying it could no have predicted my dog’s diarrhea yesterday. Aka, we are now at intelligence level 0… Sigh… *I dont need to KNOW about… Besides, of course an analyses of the SPX says nothing about anything else but the SPX. Assuming analysis of the SPX some how could predict SVB’s debacle, which one could only possibly foresee by studying the bank’s financial reports and stock prices btw, is as silly a thought and statement as saying it could no have predicted my dog’s diarrhea yesterday. Aka, we are now at intelligence level 0… Sigh…
Correct, but do not dismiss what you do not understand. And what you do not understand you should learn about. Unfortunately you fail to understand the exact parameters the EWP provides to know what the next larger directional move will be. Just as we knew that below 3928 would trigger a run to 3700-3800. What a fantastic short trigger that was. Meanwhile, keep swimming around like a goldfish in a bowl, while we smarter people make money. Or you can join us, but that requires some learning, which most commentators on here are not very good at. Hence why they are commenting and not writing.
Correct, i dont need to about SVB, the FED, guidance and all other nonsense distractions. All we need to know is price. Everything else is noise. But, good luck following the noise trying to figure out what the markets will do. Recipe for disaster.
The why is not important. Price is the aggregate opinion of everyone. Thus that is what matters. Price moves in a limited set of (elliott wave) patterns. Know those and what pattern price currently is in and you know what will happen next with a high degree of certainty. Like today’s pullback.
Thank you. as long as the bulls can defend 3940 on a daily closing basis, there's no risk for further downside. Now the following low-risk, short-term pullback should be around the corner. So, while I cannot tell with certainty that we have begun the rally to 4300+ just yet, I have outlined what we should be looking for in the coming week or two.