Thank you. There is no silver bullet for the market. If there was why would wallstreet firms hire legions of PhDs to figure out the market and spend millions to make billions!? Nothing works all the time, everything works most of the time. All analysts will be wrong at some point. Its all about the odds, hard work, studying, effort, mental stamina, discipline, perseverance, small losses, methods, etc. EWP is only a small part of that. And I cannot mention everything in my articles. They would be too long and too confusing for most. Thank you. There is no silver bullet for the market. If there was why would wallstreet firms hire legions of PhDs to figure out the market and spend millions to make billions!? Nothing works all the time, everything works most of the time. All analysts will be wrong at some point. Its all about the odds, hard work, studying, effort, mental stamina, discipline, perseverance, small losses, methods, etc. EWP is only a small part of that. And I cannot mention everything in my articles. They would be too long and too confusing for most.
Correct, daily, weekly, monthly and yearly candles all need to line up. Thank you for your request, but I don’t just do those for free. Do you know how much time it takes to prepare? Nobody works for free. My premium members get infrequent access to those type of insights. Other than that it is considered consulting and for $500 I prepare such a analysis for you. Let me know and we can get started. Thanks!
Thank you! You are correct, but Long-term investors should imho have already been scaling out and/or raise stops back in June-July when the bear was identified.
Stop listening to your own opinions and listen to the markets. Only one thing matters: price. What is price telling you? Price is the aggregate of everyone's opinion about the markets. So why bother with your own, which is 9 out of 10 times wrong anyway. The EWP follows price and thanks to that one can get a very good idea of what will happen over the next days, weeks, and years. I already had this rally on the map June last year!
Hi TS, thank you, and great question. I already posted my big-picture POV/road map in June last year (!) See the link here: https://www.investing.com/analysis/can-sp-500-reach-5000-after-bear-market-200625953. Few will remember this, but that has been my guide, and it has worked really, really well.
Hi, thank you! I take as much into account as possible except unfounded opinions ;-) So yes, I combine EWP with technical analyses such as moving averages and indicators. I look at market breadth and sentiment. All are combined to come to the most logical weight of the evidence scenario. Using any of these tools in a vacuum leads to ruin.
Funny… NOT! Already on October 5th I showed the SPX would ideally drop to 3200-3300 and then rally to ~4300. It bottomed at 3491 on October 13 and is now already at almost 4000… But let that fact not distract you from continuing uttering total nonsense!
you are correct Dan! Already on October 5th I showed the SPX would ideally drop to 3200-3300 and then rally to ~4300. It bottomed at 3491 on October 13 and is now already at almost 4000… But let that fact not distract us from uttering nonsense ;-) you are correct Dan! Already on October 5th I showed the SPX would ideally drop to 3200-3300 and then rally to ~4300. It bottomed at 3491 on October 13 and is now already at almost 4000… But let that fact not distract us from uttering nonsense ;-)
Hi David, thank you, and you are welcome! I should have stated that in my article, but I thought it was clear that my primary expectation is for this rally to unfold. But I see now I could have added a last line saying that. However, I have had this primary expectation for many weeks, and the market has yet to disproof it. Happy Holidays! Hi David, thank you, and you are welcome! I should have stated that in my article, but I thought it was clear that my primary expectation is for this rally to unfold. But I see now I could have added a last line saying that. However, I have had this primary expectation for many weeks, and the market has yet to disproof it. Happy Holidays!
I didn’t have any position at the time of writing, so there was nothing to disclose. I didn’t have any position at the time of writing, so there was nothing to disclose.
No. He is offensive because he calls me "Dr. Ding Dong". I never get offended by anyone who disagrees with me, as long as it is done constructively, respectfully, factually, and politely. Namecalling is none of that and is also against the comment guidelines. No. He is offensive because he calls me "Dr. Ding Dong". I never get offended by anyone who disagrees with me, as long as it is done constructively, respectfully, factually, and politely. Namecalling is none of that and is also against the comment guidelines.