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Get ready

Discussion in 'Economics & Finance' started by Laufen, Feb 27, 2018.

  1. FatAlbert

    FatAlbert Sniper
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    Probably the gayest thing you ever said.
     
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  2. Laufen

    Laufen Badass
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    I doubt it.
     
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  3. Laufen

    Laufen Badass
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    Ok, here we go. Looks like the correction is here.

    Oil and the Euro will also be headed lower.
     
  4. Hoss

    Hoss Mall Cop
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    What are you basing this on? Not doubting, just want to be the cool kid that can explain it at work...
     
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  5. Laufen

    Laufen Badass
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    Elliot wave theory, so 2 parts mathematics, one part voodoo.
     
  6. Hoss

    Hoss Mall Cop
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    What portion of the wave caused you to up your ante today?
     
  7. Laufen

    Laufen Badass
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    When applying wave theory to the lifetime DJIA chart ( or recent portions, as the movements are fractal in nature) we've broken a key support level on the "grand supercycle" chart that indicates we are moving into the "C" impulse wave. That suggests a significant downward movement in the DJIA.

    Some additional info:

    http://stockcharts.com/school/doku.php?id=chart_school:market_analysis:elliott_wave_theory
     
  8. Laufen

    Laufen Badass
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    Yesterday's highs are the line in the sand. If we can't manage to punch through that, she's setup for a huge retracement.
     
  9. Laufen

    Laufen Badass
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    Ok, time to short the DOW. It's time to swing for the fences.
     
    #39 Laufen, Apr 2, 2018
    Last edited: Apr 2, 2018