Market Carsh Cometh Shortly

we have 2 options that ALWAYS RULE:

1) Nothing Will Happen

2) Two Weeks

Wrong. The Bears just lost the game.

It has started with the close on Thursday.
I'm calling that a top.

If I'm wrong, high gets broken and more than likely that would occur in less than 2 weeks to prove me wrong. FOMC this Wed is the one event which may prove me wrong & take out the high, but my bet is the opposite.

If I'm right, IDGAF if it takes more than 2 weeks to carsh since you want to short the damn thing at the top, not in the middle of a sharp drop.

Last Edited by ShitWeasel on 09/17/2023 11:57 PM

Nobody here is EVER right on these things.

Always the opposite, therefore options:

1) Nothing will happen

2) Two Weeks

(Everyone here should know by now that "two weeks" is the official psyop claim and KING OF ALL BS).

I hate to bother you, but would you please explain your theory in laymans terms? I have no idea what you're talking about. You don't have to go in depth, just a short explanation, I can figure out the rest.

That'd be cool, thanks.

It is tough to explain Elliott Wave Theory in laymans terms. Shit, some pro traders don't even get it.

It's all about probabilities and where the market can go by measuring waves and wave structure. I see a lower high indicating the trend has possibly reversed. If that high gets taken out, plain and simple, I'm wrong at the moment.

Based on measuring the waves, I can project various levels at where the S&P500 may go. At the moment, I see possibilities of a shallow choppy typical September correction to the 4420 area, a possible panic drop to 3900, or something far more sinister, like a crash to 3200. How do I know which is right (if it does indeed go down)? It depends on my time markers (which are far more complex to explain). Basically, as I said in the OP, damage should be assessed mid to late October.

Ok, so you put all your stock in the bonkers bin?

LOLOLOL!!!

I used to follow the Elliott Wave Theory since the beginning of 2012 until the beginning of 2023.

ITS ALL BULLSHIT.

Prove me wrong.

Oh nvm it's a real thing.
.
.

But u still speaking alien, I don't see laymans terms, like I said u don't have to explain in depth but u still don't explain anything.

I'm not saying your wrong...

Elliott Wave does not work by itself. The market has become extremely manipulated. The MM's know every trick in the book, every system out there, and will do everything in their power to fake traders out. This market has violated nearly every EW rule in the book since 2009.

However, the overall concept of where the market can potentially go by measuring waves and market structure itself does not change. Back-test it all you want. Every three wave retrace fits the bill of wave C in proper proportion to wave A and every 5 wave move has been within the realm of proper fib targets. The PITA has been corrective zig-zags all the way up since 2009, and EW really does suck at corrective waves, it's far better in an impulsive move.

You need more than 1 system to stay alive in this market. I have several, and only mentioned EW. Due to how "not widely known" my other is, I am not posting it here. Let's just say there is a bit of confluence at the moment.

For the record (should have put this in the OP):
S&P500 was 4516
Dow 35K
At time of first post.

S&P has lost over 100, Dow -700, Nasdaq -580

FOMC meeting is behind us, Bank of Japan is next tomorrow night. They are known for not doing jack shit, but a surprise intervention will rattle the markets further.

Market has been down all week but obviously not enough to consider this carsh level, yet. The bigger windows are Friday-Tuesday, then again in early Oct. We are prone to a surprise now that FOMC is over with.

FYI -- This was not a bet on FOMC. The market actually started tanking days before it. Something else might be coming.

Last Edited by ShitWeasel on 09/20/2023 07:04 PM

NO CARSH yet.....

is this fellow a TRUTH American????

[link to rumble.com (secure)]

Government shutdown is going to cause problems for markets, but you know, they rig the shit out of the stock indexes, so don’t be surprised if they surge!

Doubt it. Many are now learning that US Corporations (the larger ones at least) are safer investments than US Bonds. Until Armageddon at least. At that point, it won’t really matter.

Looks like we're past the worst part according to OP.

Doom OFF.