tag:blogger.com,1999:blog-4878316162397365683.post8767334225758948547..comments2023-11-06T06:01:49.605-05:00Comments on Principle Analysis: an Elliott Wave Blog for Forex Signals, Futures Signals and Stock Signals: Welcome Back to Financial Thunderdome.....Two Man Enter, One Man Leave, Two Man Enter, One Man Leave....Unknownnoreply@blogger.comBlogger5125tag:blogger.com,1999:blog-4878316162397365683.post-42225563130786482272010-01-26T11:06:55.448-05:002010-01-26T11:06:55.448-05:00Hi Dave, I would say that is part of the reason fo...Hi Dave, I would say that is part of the reason for the rally during that time as banks haven't really been lending much money, only hoarding it when they get it from the Fed as it tries to inflate the financial markets. In doing so, it battered the dollar and caused equity prices to rise artificially on dollar weakness. That's my take.<br /><br />I think Prechter would agree with you on the Brown shocker in Mass last week. People ARE fed up and revolting against those in power. It seems everything Prechter has predicted would happen has happened, except for the stock market falling hard. But that may be underway now.<br /><br /><br />ToddToddhttps://www.blogger.com/profile/13808483934573587351noreply@blogger.comtag:blogger.com,1999:blog-4878316162397365683.post-52169354115212627212010-01-25T13:35:10.776-05:002010-01-25T13:35:10.776-05:00Tood - I enjoyed your analysis and esp the comment...Tood - I enjoyed your analysis and esp the comment about market complacency during the March till now rally. Was this rally mainly fueled by big banks using thier TARP funds to invest instead of loan, thus the complacency by "normal" investors? I am wondering if the Brown win in Mass was an indicator of shift in socal mood, showing that the people are fed up. Also, last week there was a fashion show in Paris where they presented their "apocalyptic" line - Precther says when fashion beomces "dark", the mood is down. Anyway, thanks for your insight!Dave427noreply@blogger.comtag:blogger.com,1999:blog-4878316162397365683.post-74790838288379391892010-01-24T12:30:04.610-05:002010-01-24T12:30:04.610-05:00Hi John, yes we can use the prior wave structure a...Hi John, yes we can use the prior wave structure as templates moving forward, but I'd use them more as guidelines, or something to be very speculative when predicting minor tops of countertrend rallies. <br /><br />And you're right, this wave 3 or C should be much more powerful and abrupt than the first wave down, so it's quite possible, although not required, that rallies will be short in both time and price. Because of this, it may be hard to get new short positions during this wave once it gets rolling.<br /><br />If you have any charts you'd like to send on anything you might be analyzing, I'd love to see what you have. Just email them to me at toddsblog@comcast.net<br /><br />Thanks,<br />ToddToddhttps://www.blogger.com/profile/13808483934573587351noreply@blogger.comtag:blogger.com,1999:blog-4878316162397365683.post-60915269251697979012010-01-23T17:29:31.172-05:002010-01-23T17:29:31.172-05:00Todd, thanks very much for your comments and insig...Todd, thanks very much for your comments and insight! Have you considered using the $SPX daily chart from approx. Oct. 2007 thru March 2008 as a template for the move beginning last week? Do you think they might be similar? Because we may be beginning 3 of c, might the fall be more abrupt?Anonymoushttps://www.blogger.com/profile/11682527556810913273noreply@blogger.comtag:blogger.com,1999:blog-4878316162397365683.post-32006967633854343162010-01-23T15:35:50.881-05:002010-01-23T15:35:50.881-05:00Todd,
Thanks very much for your analysis! I'...Todd,<br /><br />Thanks very much for your analysis! I'm curious whether you would consider using for instance, a chart of the $SPX from the October 2007 high to the March 2008 (wave 1 of 1 of c) as a template for this possible 1 of 3 of c?Anonymoushttps://www.blogger.com/profile/11682527556810913273noreply@blogger.com