Comments
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DPSo far he's spot on. Time will tell. I somehow don't think Fed's trading desk / ESF will let this thing fall all the way to 2200.
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JOThe wavecount is wrong; we're already too high (Thu 29, Fri 30) for this to be a 5th wave down. Either it's the c wave up of a big correction from 5 waves down to 29-Oct and headed back up to $2,815, or the whole thing is a huge ABC correction from the highs and we're going all the way back up again!
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RSDifficult to follow all the waves and Fib extensions. Need lot more graphics to support the commentary.
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DCGuess he is in the dollar cost averaging camp vs. the add to trade when it's working. Anyone with opinions or experience with either method...pros and cons?
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RHMerry Christmas. So much for the Santa Clause Rally. Solid TA. Concise and informative. Thanks for sharing