|Moderated By: gem-x -- (Moderated) -- Started: 9/20/2001 9:42:03 PM Revision History|
Here's an analysis of major bottoms in the history of the stock market:
-The supercycle low of 41.22 in 1932, bottomed in the vicinity of the wave 4 from 1880 to 1929 (40-50).
-The supercycle low of the 1973-1974 recession bottomed in the 520 level on the DOW...at the exact low of the wave 4 of the previous supercycle, which was 520.
-The 90-91 low on the DOW, bottomed in the same vicinity, testing the crash low of the 1987 bottom.
In all the major bottoms in history, each bear market ended within the wave 4 low of the previous supercycle.
Right now, we are right at that point. The Wave 4 supercycle low of the NASDAQ was 1357.02, with a close of 1419, and the DOW's supercycle wave 4 low was 7399. with a close of around 7773-7800.
the DOW has downside risk of another 600-1000 points, and the NASDAQ another 120 points. Tomorrow could be the day of infamy...a possible circuit breaking drop due to the triple witching expiration.
In the October low of 1998, the VIX shot up to an intraday high of 60, but closed in the 45 range. The previous week of that dour 1998 low had VIX readings that spiked to the 52 level, but closed each of those days in the 45 range.
Today, we had a VIX close of 49.04, which has never happened, but the all time high was set in Oct 1987 of around 129. In 1998, the put call ratio spiked as high as 1.23, but closed at 1.15 with a moving average around .80....today the put call ratio hit 1.27, a 21 day moving average of .88, and closed at the high. This would mean the readings have surpassed the Oct 98 low. If you look at the VXN, the highest reading registered was in March 2000 of 90, and today the VXN closed at 84.25.
Basically, within the next couple days, the ultimate bottom could be reached, and a massive reversal could emerge.
I'd like to see all the fear come to the ultimate crescendo tomorrow. The levels to watch on the DOW in the next couple days are 7400-7800 and on the NASDAQ 1357-1419.
This could be it in the next couple days, so hang tight.
Thanks to Bin Laden, the NASDAQ is pricing the worst possible economic scenario. A DEPRESSION.
The two levels I'm watching now are 1455-1460 and 1355-1362.
The second zigzag is extending to the farthest reaches of the correction, the level of 1455-1460 would be the maximum length of Wave C, which is 2.618 X the length of Wave A (251 pts). This year has witnessed THE rarest wave formations known to man, and these zigzag fits the bill.
If there's no bounce off of 1455-1460, the last hope for a real bounce is 1355-1362 which is the October 1998 low, and the bottom of the previous Wave 4, when the NASDAQ crashed from 2000 to 1355. Also, the 1362 level would represent the exact crash wave lengths of the Great Depression from late 1929 to 1933. If people are yapping about a "recession", forget about it. This is a "depression", in the NASDAQ. The "D" word should be coming up in the next couple months...it's insane how nothing has been able to stop this crash wave yet, including massive liquidity of pumping from the Fed, coordinated rate cuts worldwide, including a hasty 50 from the Fed.
During the Great Depression, the Fed dropped rates to the 1.0-1.5 level before any kind of semblance of a recovery took hold.
The DOW needs to test the 7600 level, and the NASDAQ, 1460 and 1360. A breach of 1355 would mean that the NASDAQ is headed for 1000, 900, and the level that would destroy economic growth, NASDAQ 560.
The market is telling us something...and something very real, and very sinister..
"Our Father, who art in heaven, hallowed be thy name, thy kingdom come, thy will be done on earth as it is in heaven, give us this day our daily bread, and forgive us our trespasses, as we forgive those who trespass against us, and lead us not into temptation, but deliver us from evil, For the kingdom and power and the glory are yours, now and forever..amen."
"Hail Mary, full of grace, the lord is with thee, blessed art thou amongst women, and blessed is the fruit of thy womb Jesus, Holy Mary, mother of God, pray for us sinners, and now and at the hour of our death, amen."
"Oh My God, I am sorry for my sins, in choosing to do wrong, and choosing to do good, I've sinned against you and others of your church, I firmly intend with the help of your son to forgive for my sins and to love as I should."
In the name of the Father, Son, and the Holy Spirit.
The time is now to follow Jesus, our savior. I know the market could be pretty awful next week, but I refuse to profit off of the devil's doing. It's more than likely that Bin Laden's soldiers are holding heavy short positions, and to follow this path is dangerous.
(German authorities have discovered that people involved with Bin Laden have been shorting insurance stocks in anticipation of this event. Apparently, short sellers are helping terrorists fund their activities. People who are shorting stocks right now are going STRAIGHT TO HELL.)
I refuse to do it..not only for our country, the USA, but for God.
I was watching the scary events on CNBC unfold the morning of Sept. 11, 2001, and there was a formation in the cloud of smoke that I saw that scared the crap out of me, and scouring through the internet, I found a picture of it that pretty much confirmed it. If you're not following the word of God right now, this picture will do the trick.
The time is now....I prefer to spread the word of God than to foster and support greed and evil.
This is and was a wake up call for all.
Also, reading through my old predictions, this one kinda put a little shiver up my spine...change Israel into Afghanastan (I mentioned the Israel thing, due to a TV show I was watching about UFO's, and Israel's common interaction with them):
From Aug. 30th:
"....The crash that destroys everything in it's path, turning the US into a third world country, and driving the world economy into self destruction. The DOW would need to be at the 1200 level, and the Grand Supercycle that started in the 1700's would be over, and evolution will turn into de-evolution.
And the aliens that have been hiding from us in their mother ships in Israel will come out of their pods and exterminate the earth."
PLEASE, FOLLOW THE PATH OF GOD.
(Don't miss Willy Wonka and The Chocolate Factory on Fox Family tonite...every time I've seen it, a huge positive life altering event has happened to me..)
I've been absolutely bombarded with people asking me what I think may happen next week...and what the Elliott Wave charts on the DOW and NASDAQ are telling me..
Well, first my prayers are going out to all the people who have been deeply affected by gruesome attack devised satan's (bin laden) foot soldiers. I know I am, my sister, a few of my relatives, and a lot of my friends who were in my bands, who work on wall street, and who went to college or high school with me live in the manhattan area. A couple of my brother's friends worked in the World Trade Center as well. A man who claims to be a savior and uses monster acts of violence truly is the anti-christ, namely Bin Laden. But, what the Bible is predicting is that the forces of good will prevail, and I believe it.
Anyway, let me bring up an important chart:
This is the chart of the Great Depression from 1929 to around 1932.
As you can see in the chart, the Great Depression's wave count was an textbook A-B-C correction. The DOW corrected 200 points from a high of approximately 390-400, to 200 (Wave A), retraced .500/.618 of that drop to DOW 300 (Wave B), and than dropped exactly 1.382 X the length of wave A to 41.22 (Wave C). As you know this is the worst drop in the history of the stock market, and the NASDAQ chart eerily resembles it. Wave A dropped 2000 points from 5133 to 3045, Wave B retraced .500/.618 of the drop to 4250, and Wave C from 4250 to 1619....
But as you can see 4250 to 1619 wasn't 1.382 times the length like back in the 1930's, it was only 1.325 times..
If the NASDAQ plays exactly the same as at did in the great depression, that means the NASDAQ needs to get to at least (4250-2888) 1362....BUT, look at the chart carefully, and compare it with the NASDAQ 2000-2001.
The first wave up on the DOW was 41.22 to about 80, than retraced within 8-9 points on the retest to 50 on the second wave.
Notice the wave 2 correction from the 1930's looks almost exactly like the NASDAQ from May to Sept...a double zigzag!
And after that double zigzag completed, the DOW rallied from 50 to 120, 1.618 x the length of wave 1.
To be honest, I've never traded during a disaster like this, but I've counted a double zigzag, with every wave.
But one. If the NASDAQ drops hard and hits that 1362 target, it would defy all the physics and science behind the Elliott Wave Principle. But who could have seen this attack coming....the retest was on it's way to being just that. A "test" until the terrible events unfolded last Tuesday.
The DOW, on the other hand could potentially test 7400 in the coming weeks...
Could there be a "patriot" rally? Possibly. I've counted all the waves of the double zigzag but one. Could we hold 1619?
Like I said in the past, I've gained a pretty large following online, and I don't want to get to point where all the thousands of traders, active traders and day traders I've come in contact with all of sudden act on the same target, and effect the flow of the market. Think about if this way....if 50,000 some odd traders follow the same target, and each trader is trading 100-10,000 shares a piece, waiting for an exact target...What I'm doing is out of the ordinary, HELLO PEOPLE, I'M TRYING, YES, ">>TRYING<<" TO PREDICT THE FUTURE, THIS IS NOT A NORMAL OR AN EASY THING TO DO, and obviously, this draws a lot of attention from traders. So I think the best thing to do, is to not be so public with all this, and narrow this down to a smaller base of traders...should I just keep this all to myself? Should I make this crowd smaller by making people subscribe to a web site I could create? Or is the frenzy even worth bothering with...heck, I don't even have to do this.
Why do I do this? Because I enjoy interacting with other traders, but now it's gotten weird, and to the climax point where the "isolation" effect happens (YET AGAIN)...when I can't interact normally with another trader or human, without them hanging all their hopes, fear, ego, jealousy, small penis or greed on what I do. I can't talk to another person, like a normal person talks to a normal person, as if each person is on the same level playing field. That's all I ask, but now I'm stuck in this vicious cycle where that ain't gonna happen. I try to be loose, and entertaining when I post, but when people start to put me on a pedestal, attacks me viciously because they find an angle to work with because of their tiny penis size, or expect me to be some superstar who will lead them to an early retirement, and years of riches, heck. Do I even have to do this? This is the very reason why I quit doing those crazy eBay auctions, the very reason why I've chosen to ignore all the people in college I know are still smoking herb, barely making a living bar tending or, ahem, stripping, the very reason why I got turned off writing music when my music got an oddly large reception....
I've started to notice one thing. I'm a tool who gives things away for free, and gets nothing in return. I live to give, but because of my willingness to give things away for nothing, people abuse this. And when it starts to create a crescendo, and breaking point, I immediately stop doing it, and move onto something new..
And when weak people with feelings of indadequacy form gangs against me, just because they feel inadequate, those nazi-esque cliques try to become my worst nightmare, and what is pretty unusual, is that these people are the same people who I befriended, but than sold me out and leaves me, as one person, fighting my own battles with no outside help.....this almost got me killed in college...which leads back to my original question. Why do I do this if this vicious cycle continues?
To be honest, I don't know. Maybe I enjoy people trying to translate madness.
This is seriously my life, and how my life moves in cycles, so don't get all riled up if it sounds like bla bla bla he's talking about himself again crap. This is my STYLE. The type of posts that are showing up on my message board are getting too eerie....I plan on posting to myself from now on. And if these random babbling posts, (like the one you're seeing right now) garners any insight in your trading, or life, than cool beans. That's all it's gonna be from now on, so this crescendo that I'm fearing doesn't unfold.
You have to know, that I think freely and randomly, although with a mad intricate method behind it. And from now on, all my posts are going to be open to translations, and that's all. I may talk about the latest Playstation 2 game, a really awful boy band that I despise, frat boys who tried to kill me in college, elliott waves in the population of flowers, girls I dated in college who became strippers, or the swarms of fleas. I'm not going to be posting to anyone or "at" anyone, It's just going to be a random mess of gibberish, like normal ;)
But if you want to read this board, you're gonna have to accept the randomness and gibberish, leave it up to your own translation, and not put me on a pedestal or base your life decisions or focus of hatred on what I do.
I don't think and act like a normal human being, so accept it.
Another scenario on which to draw from that another e-waver brought to my attention, is looking at the move of 1619 to 2328 as wave 4 on the C wave, and the current drop as wave 5...this would mean that this wave would be equal to wave 1 of wave C, which was 731 points, targeting 1590-1597 (2328 - 731)...but I'm sticking to my wave count.
Ending diagonal wave on Wave 5 of wave C: 1834 - 166 = 1667 or 1834 - 177 = 1657 on Monday or Tuesday
Fear-o-meter (VIX): 34.81, heading to the fear levels of April, 37-40...I'd like to see the DOW take a real dump on Monday, and see that Vix get to that range.
...today was encouraging for tech investors, because the dumping is moving away from the NASDAQ, and now rotating to the profit filled and bloated "safe sectors" in the DOW. The Warren Buffett type value stocks are the next to get shot down. Those are the stocks that have profits left in them. It started today. MO looks like it double topped.
I wouldn't be surprised to see another 300 point drop on the DOW, and a relatively miniscule drop on the NASDAQ on Monday, because this fifth wave is forming into an ending diagonal.
If the volume on the drop this summer from 2328 to 1676 was as insane as it was Jan-Feb (2.5-3 billion shares a day), it would have all but confirmed a drop to new lows, but this is not the case. The drop off in volume in August was one of the largets in percentage terms in years, and the move down this week, although on heavier volume
Volume April 3rd (first entered the 1650-1720 range this year) 2.51 billion shares traded.
Volume April 4th, 2.49 billion shares traded, day it hit 1619
Volume Sept 6th (entering 1650-1720 range) 1.88 billion shares.
Volume Sept 7h (entering the 1619-1692 range), 1.66 billion shares
= NASDAQ 2300-2400 by late Sept.
Side note: Today's low 1702.92 is exactly 1.618 X Wave A (2102.53 - 399.646 = 1702.88 within .04)
If all these wave formations end in perfection, than there's going to be a large rally tomorrow. (I'm putting on the bear suit.) But if the emotional irrational hell continues tomorrow, and breaks 1667 and 1619, the C wave could form into a hell wave similiar to the 1929 crash, where nothing, not even great economic news signalling an and to the contraction (NAPM), fed cuts, or upbeat CEO comments (like what's going on right now.) can stop it...C waves can keep going from 2.618 to 3.50X wave A in the hellish crash waves, targeting 1460, 1355, 1240, and if it gets as bad as the great depression, NASDAQ 666.
If that happens, the technological revolution that brought great times and hope for over a decade, was nothing but a pile of overhyped meaningless dog crap. The only thing that the internet has introduced and unleashed to the world are the demons of hell on the message boards, namely, lying, scare inducing shorts. It seems like They're controlling the world economy driving down equity wealth to the point of disaster, manipulating fearful average joe investors into driving stock prices to the lower depths of hell. If 1619 breaks, I'll turn into the POS-man, and spend my time scaring everyone until the NASDAQ gets to 600.
By that time, not even the shorts can make money. Every stock will be $5.00 or less (if the "valuations" like the bears say, get to "normal" levels), and NOBODY can go short or long.
BAAA BAAA, In othe words I'll join the sheep.
This drop is driven by nothing but pure fear and emotion, nothing else. Nothing econoomic, no "stabiizing" comments, or a company pre-announcing earnings that are quadruple analyst estimates can save the NASDAQ. Great NAPM news, rate cuts, fed talk, positive earnings news, NOTHING.
That would mean, the world ending crash that Precther has been harping about for years has come true.
The crash that destroys everything in it's path, turning the US into a third world country, and driving the world economy into self destruction. The DOW would need to be at the 1200 level, and the Grand Supercycle that started in the 1700's would be over, and evolution will turn into de-evolution.
And the aliens that have been hiding from us in their mother ships in Israel will come out of their pods and exterminate the earth.
Side note: Phil Jackson won a ton of championships, he thanked Lucy.
Side note: If you're a short, you can't overlook the fact that when NASDAQ hit 1934 this week, I immediately recognized the trap, calling 1757-1760 that day. (so if you're short, these counts can help too. A LOT. I'm not a perma-bull, I call it as I see it. But I focus more on the big moves. At NASDAQ 2264 I called 1973.70 and rally to 2193, and within that week it hit it, and rallied to 2181)
Update: Looks like another "click on.. clap clap.. click off..click off gem-x on SI, click off clap clap"
the NASDAQ came within 5 points of 1939, which was a very important level. If the wave up broke 1939, it would have negated the move from 1818 to 1934 as being wave 4 of the second zigzag's Wave C. (One of the Elliott Wave rules is that Wave 4 NEVER overlaps wave 1 (which ended at 1939) The NASDAQ needs to get over 1939 this week or the next move is to 1750-1760.
Right now the question in everybody's minds are, "is this the start of the big wave 3 rally or another sucker rally?", or "should I cover my short position before a squeeze of massive proportions develops?"
Well, I'm watching Monday very very carefully, because my bearish side is telling me that the move up 1818 to 1917 was wave 4 of the big C wave. The move up was exactly a .333 retrace of the 2105-1818 wave 3 down (which is the normal wave 4 retrace), and was only 3 waves, which would mean one more wave down to at least 1750-1760 or even 1707 But the power of the rally, the strong volume in the advancing stocks, breadth (85% up volume and 14% down volume), and the "smart money" that covered (CNBC mentioned that there were large hedge funds covering...I could have swore on Thursday that a hedge fund manager, and his "community" said they didn't plan on covering until October, and on Friday they started to.) were implying that they would miss the bottom/move up. Also, with Elliott Wave, the two zigzags had equality, which is normally the case. Let me explain...the first zigzag's wave A down was 251 points, as was the second zigzag's wave A. The Wave B in both zigzags were close to equal length, and both Wave C's in both zigzags were equal length (287-290 points each).
This is normally the case in double zigzag formations, with each zigzag conforming to equality...after a double zigzag, the intense oversold pressure creates rallies that are surprisingly strong, fast and furious (description of wave 3) plus the downward channel on the NASDAQ from 2105 broke, creating a new upward channel. BUT, the Wave 4 in the larger zigzag (2251 to 2850) broke the channel as well, and you know what a happened last January.
In order for me to be convinced that the rally is under way, is for the NASDAQ to rally over 1939-1947 tomorrow t least, and break 1995-2000 this week. If there's a gap down tomorrow that breaks 1870-1880, than the NASDAQ is headed for the 1750-1760 range, or as far as 1707 (1.618 X wave A), and if people don't give up on that wave down, I don't know what would do it.
Tomorrow should provide clues as to what wave we're in, and my most bearish stance is that we're in wave 4 up, and wave 5 down should be the wave that sends real fear into the market. But my most bullish stance with Elliott Wave is the fact the both zigzags conformed to equality, and once they hit equality, a suprisingly strong rally developed.
NASDAQ forecast 3782 early next year, S & P 1482, DOW
Changing NASDAQ forecast from 3026 to 2965 year end, and immediate short term (next month or two) to 2526.
He's comparing the 1982 bear market to now.
In late August of 1982, the market was exactly 20% off it's highs (the NASDAQ is exactly 19.99% off it's high of 2328 set in May), and the bears were calling for a massive large volume drop, and a sell off to new lows. What they got was a low volume, low volatility whimper, and by Aug. 16-22, the huge kickoff bull market rally, signalling the great bull market of the 80's began, in the middle of a recognized recession, with profits continuing to fall and inflation.
**Update (after being muted)**
Ok, now it's time to take off the gloves. I'm opening that mouth again...I can literally feel the "don't listen to him he's dellusional" and the "he thinks he's some genius but he's not, I'm saying this because I have a small ***" and the "ha ha ha wave 3, where's the wave 3 ha ha ha" all over SI. I sure do draw a lot of attention around here, don't I. A 25 year old "kid" who has quickly mastered the most difficult form of TA in existence, in 3 months, being able to quickly identify drops and rallies like no one else literally by the milli-second (you know this is true) with a "loud immature arrogant mouth" and "deserves to be suspended and shut up when we tell him to". I dare YOU to figure out THE MOST complex wave forms in existence, namely ending diagonals or complex double zigzagz with middle X waves. Thanks to this hideously sideways market, I've been forced to learn every stinking complex and non complex corrective wave in the book. A crash course in the Elliott Wave. I've read every single page of the abstract Elliott Wave Principle book, memorized and studied every single number, thought and phrase. I'm crazy, and I admit it, but when people motivate me, I don't stop. Well, anyway, I appreciate whoever got me muted today...Anyway, enough of that. By the way, once wave 3 comes, I'll be selling "I got three fingers in the air and I'm waving them at you" gem-x T-shirts here in Los Angeles like hotcakes. But if the wave 3 never comes, and the NASDAQ crashes through 1619, and causes the end of the world, I'll shut this message board down, cancel my membership (I know you want me to), and vanish. I refuse to say that wave 3 WON'T come, because it will. I'm gonna be even more bold, by predicting exactly NASDAQ 3006.23 in the next couple months, and NASDAQ 3500 by early next year. Now go tell your buddies more "ha ha ha wave 3" stories.
Now back to business.
Here are the three formations that I've identified on this long torturous corrective wave.
1.) This is a complex double zigzag corrective wave, which would be labeled as A-B-C-X-A-B-C. The first zigzag would be identified as 2328 to 2077 (wave a), 2077 to 2264 (wave b), 2264 to 1973.70 (Wave C), wave X is the connecting wave, which would be 1973.70 to 2180, than the second zigzag of the double zigzag would be identified as 2180 to 1934 (Wave A), 1934 to 2105 (Wave B)...wave A was 246 points, and due to Wave C's in zigzags being equal length to wave A, than Wave C should be 2105 to 1859. Yeah, we're pretty darn close to that level, but today had the major signs of a bottom - the VIX shot up as high as 15% and 27.5-27.7, the put call ratio is overwhelmingly bullish (tons of puts), the MACD didn't fall to the lows of early April, there's IRRATIONAL PESSIMISM in this market, where EVERY bit of good news is ignored (there's been TONS of good news that has been ignored, HWP had great news, and the morons sold it off) , which is the opposite of irrational exuberence, plus the volume today was extremely low considering the size of the drop. There is ALWAYS a large rally after a double zigzag is completed, but if the equality doesn't fit, than the next biggest size of wave C would be 398 points (1.618 X 246), and the NASDAQ would drop as low as 1707.
2.) Another formation that the many people on SI has been looking at the NASDAQ is the ending diagonal, or wedge.
Take a look at this graphic of a ending diagonal, and notice how it closely resembles the NASDAQ chart the past 3-4 months. elliott-wave-theory.com
Wedges that end on a downtrend ALWAYS move up after the formation completes, NOT down, contrary to what many posters on SI have been babbling about.
If this is a wedge, that would mean that the move from 1619 to 2328 was wave 4 (!!) of the big C wave, and 2328 to now would be a wave 5 wedge. That would mean the next wave up wouldn't be a measly 705-1160 points, but would retrace .500 to .618 of the wave down from 5120 to 1618, which would target the NASDAQ 3500 to 4000, Yup, you heard it here.
That would mean this wedge formation is about to end...wedges are formed when a move has gone "too far to fast"...when a wedge forms on an uptrend, a drop is inevitable and when a wedge forms on a correction, a rally is inevitable.
Wave 1 in the wedge would be 2328 to 2077, wave 2 would be 2077 to 2264, wave 3 would be 2264 to 1934, wave 4 would be 1934 to 2105, and wave 5, which would be occuring now would be 2105 to 1853-1859.
3.) The worst case scenario: In the C wave, the first wave down was 740 points from 4250, last summer. If 1619-2328 was wave 4, than wave 5 should be equal length of wave 1. That would mean a sharp retrace to the 1619-1625 level, which would form a double bottom/truncated fifth wave. But since the most likely correction wave forms are the double zigzag and the wedge, this is hardly likely. But my most bearish forecast this week actually came true, so I'm not going to deny this possibility.
What I'm guessing on Monday is a test of the 1853 to 1859 level in the morning, a 60-70 point rally going into the Fed, and than the final test wave that should be in the headlines this week....
If you don't want to listen to or read these forecasts, than DON'T BOTHER LOOKING AT THIS MESSAGE BOARD. If you got a pole stuck up your you know what, or if you're some old bitter dude who's never gotten la*d, ignore me. But to go out of your way to call me some dellusional acid head punk kid, well, i hope your short this market all the way down to the 1850's. Please, I want to feel your SILENCE for a change.
Check out this chart of the entire A-B-C 5-3-5 zigzag correction of the NASDAQ from 5120 to 1619. This is why I believe the bear market is over. I think that the corrective wave was wave 2 of the wave from NASDAQ 1000 to NASDAQ 5120. The move from 1000 to 5120 was "the kickoff" for a new huge bull market. New bull markets kickoff huge with massive overbought levels, and the corrective waves are fast and fierce. The creation of the internet economy has massively increased productivity and innovation, and this first move is just the beginning...
**Bearish update possible scenario** (I will post both bullish and bearish possible scenarios starting tonite)
From a bearish perspective, the move up from 1915 has been 3 waves, which could label it as the 4th wave in the C wave...that would mean one more wave down to the 1840-1860 level...Should the 1939-1945 level break, that would be a likely possbility. Considering the fact the the volume on this bounce has been light, and the VIX and VXN show a little complacency, it might happen. Keep this though in the back of your mind.
What's up? My name is Ted, or "gem-x".
(I'm looking for this girl named Dianalee (Dee) Campo who is in medical school at Penn State, and went to (Tri-Delt)University of MD, College Park. I need to contact her, it's important I have this torched stuff cat that's been turned into an ash tray, and it's looking for a home.)
I'm creating this message board for people who are fascinated by the amazing predictive powers of the Elliott Wave Principle. I'm sure there are quite a few who are interested in it, but I'm trying to find them. I'm sure Silicon Investor is the best place to find you guys! I hope there are traders I can meet who have great (although expensive) Elliott Wave programs who'd like to delve into this topic. (I hate Wave 2's and Wave B's!!!) If I can get a handful of people involved on this board, we can get cookin.
I use the Elliott Wave primarily for the stock market, but also for sports cards. (There's an amazing web site called thePit.com where the highly volatile market of sports cards can be traded like the stock market.) I'm also an expert in the wild world of sports card investing (crazier than the NASDAQ), the weird world of eBay, and a recognized musician worldwide who tapped into too many Tim Leary books.
Anyway, if you're looking to discuss the Elliott Wave, and are looking for good strong Elliott Wave forecasts, this is the place to be!
****I will update my forecasts daily, but post REAL TIME opinions using intraday Elliott Wave forecasts, minute by minute. Fearful? Greedy? Just post here, and I'll give you my opinion. Remember, that's an "OPINION."****
Shameless plug of my web sites:
members.ebay.com <<insane eBay auctions from one of the best since 1997..
gemx.iuma.com <<my music has been downloaded and streamed on mp3 format over 500,000 times, and I've appeared on an worldwide indy MP3 television show..check it out if you have a chance.