"Bear market over in October" -- Michael Hartnet, BOA

Discussion in 'Trading' started by Scataphagos, Sep 18, 2022.

  1. TheDawn

    TheDawn

    Hope the Dems lose. Seriously they haven't done anything ever since they took over. They failed on every single campaign promise that they have made so far. Vaccination rates by July 1st. Failed and failed miserably. Withdrawal from Afghanistan? Disastrous and humiliating. Now inflation is out of control due to the overdistribution of stimulus packages. Market is in turmoil as Feds is desperately trying to fix the shit that the Dems has left. Performance Russia and Ukraine War? Pathetic!!

    Seriously if Trump comes back, at least the market would go up or at least has a higher chance of going up.
     
    #11     Sep 18, 2022
  2. Oh, they've done PLENTY... most VERY BAD!
     
    #12     Sep 18, 2022

  3. paragraph 1: Agreed!

    paragraph 2:
    (1) Wave FORM is a very important part of wave structure. The eyeball look and feel should jive. Therefore Wave 4 and Wave 2 should jive in terms of eyeball look and feel. If the current entire drop from jan top is a Wave 4, it looks too lopsided to jive with the puny wave 2
    So, disagree here
     
    #13     Sep 18, 2022
  4. RedDuke

    RedDuke

    it does not matter. Speaker does not have to be elected in congress.
     
    #14     Sep 18, 2022
    vanzandt likes this.
  5. vanzandt

    vanzandt

    Hmph.
    Few and far between, but by god I learned something new at ET today. :thumbsup:

    The Constitution does not require the speaker to be an incumbent member of the House of Representatives, although every speaker thus far has been.[4] The speaker is second in the United States presidential line of succession, after the vice president and ahead of the president pro tempore of the Senate.[2]
     
    #15     Sep 18, 2022
    RedDuke likes this.
  6. Specterx

    Specterx

    Also possible is that the Fed blinks at some point far short of 2% inflation. But an October bottom seems like a pipe dream. IMO we will need to see far more of a capitulative event, this bear market is so far only slightly worse than the occasional plunges we saw every 2-3 years throughout the 2010s.
     
    #16     Sep 18, 2022
    NoahA likes this.
  7. Ha! I don't agree with OverNight on anything politically, but I agree completely here. The entire market is driven / manipulated by Fed printing and PPT buying.
     
    #17     Sep 18, 2022
    TheDawn likes this.
  8. In EWT, according to the "rule of alternation", wave 2 and wave 4 will each take a different form.
     
    #18     Sep 18, 2022



  9. Was not speaking about the rule of Alternation.

    Was speaking about the eyeballed FORM SIZE only!!! The eyeballed form size for Wave 2 and 4 should be more or less approximately similar in size, therefore pleasing to the eye and when inspected closer will be found to obey the Fibopnacci spectrum of 61.8% or 38.2% = supremely pleasing to the eye to behold. Waves are beautiful things, not monstosities out of whack. This fits in with Robert's spectacular pdf book called "Beautiful Pictures"


    If we suppose that Wave is in prgress from Jan high, it is alredy a visualmonstosity copared to the minute Wave 2 .............. focussing only on the Corona March 23rd low to Jan 4 top as the WVE we are analyzing.
     
    #19     Sep 18, 2022

  10. Furthermore the drop from Jan 4 to June 16 is a 5-wave move. This cannot represent a Wave 4 which is inherently a corrective wave i.e. zig zag or triangle or complex pattern. But it cannot be only a 5-wave move. If we allow this pattern to develp into a Wave 4 as you believe it could be a "4" then we are talking about a heck of a lot m ore of sideways action to create a trainagle or sideways pattern.

    Either way the structure would be a monstrosity compared to the puny Wave 2 that began 9/2/2020
     
    #20     Sep 18, 2022