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Discussion in 'Economics & Finance' started by Laufen, Feb 27, 2018.
Probably the gayest thing you ever said.
I doubt it.
Ok, here we go. Looks like the correction is here.
Oil and the Euro will also be headed lower.
What are you basing this on? Not doubting, just want to be the cool kid that can explain it at work...
Elliot wave theory, so 2 parts mathematics, one part voodoo.
What portion of the wave caused you to up your ante today?
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:
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.
Ok, time to short the DOW. It's time to swing for the fences.