Loading ...EW outlooks
Not for the EW skeptics, of course.
For SPX, those who have been right most consistently, have this as an LD1 Bear.
Leading diagonals are all internally abc’s, making them beasts to read and trade.
I have us just completing the 4th leg, and are now in the last leg of the larger degree LD1.
Could easily take several more weeks, well into August.
2 up will be the serious relief rally. 38% or more recovery of the drop.
Then the crash wave this fall.
For PMs, my pal Sam also had us finishing a 4th wave, and now headed down in a ‘final’ 5th.
As I’ve said since April, this would likely run into late summer. Still looking that way.
PMs will then also get a RELIEF move. Before worse turns to worst.
Forget the ideology folks.
This is one for the ages.
This.
Pedro I always look forward to your vision- any book,class,service for EW you’d recommend a beginner
Prechter and Frost’s book is everyone’s first choice.
Nevermind Prechter’s dismal record.
Then hit the folks that publish their analysis, day to day. To see their reasoning.
Most important to me, and above any individual count or even EW overall, is have your own toolkit apart from EW.
I don’t do EW counts myself. I check the work of others against my own TA, which is not boilerplate. I see EW from a dozen different folks more or less continuously, and usually someone is on the mark. What I do is try to find them.
As Gary has noted, EW is hard TO DO. Its not that hard to READ. Its also hard to sort the better counts from the others. Its no holy grail.
Merci beaucoup