dude sounded all certain that the market will move a certain way as he predits. If he's all that good at forecasting, he'd be richer than warren buffett now
All year long EWT and Avi have been looking for bottom and a run to $SPX 6000, stubbornly ignoring obvious topping pattern. Garret's pinned Twitter tweet still shows different count that the one he presented here. EWT has changed its tune now to more bearish, but as far as I'm concerned this only exposed limitations of Elliott Waves as a market timing tool
Indeed, at the start of the year they were projecting a mild correction and then a strong bull run to new highs...now at the bottom of a much stronger correction, they come up with no more highs and the beginning of a new bear market. I get that you have to adapt, but the EW prediction capabilities are really questionable this year. Awful results.
Agree, with other folks here - interpretation seems very subjective... I do believe that Sentiment drives the Price/Markets, BUT the disagreement here is that NOT ONLY Price creates/influences the Sentiment...Sentiment is driven my Other Data as well, which if often missed due to the "efficient market" theory...which is NOT ALWAYS true, we all know that Markets are Irrational (often), so this is what EWT is missing often!
EW theory is highly Subjective, BUT you can make tones of MONEY by mastering it (and adapting to market dynamics), that needs lot of experience! Great insights!
@@abstract529 nope. EW changes as price changes. There is no "narrative". I have seen Garrett and others sometimes just say "This chart is crap. I can't say anything about it". This is what bothers people about EW: they want someone to assure them that a stock, or the market overall, will do "X". EW is probabilistic, not predictive.
If you had really been following them, you would know that there is almost always an alternate count. You have to choose how much risk you want to take and put stops in accordingly. If you just "set it and forget it", you're gonna fail, no matter who/what strategy you follow.
@@jhmastodonj There's always an "alternative count" that's called a cop out. Avi was mocking those who had the alternative count, ie those who got it right. No matter how you try to whitewash it it's a spectacular failure.
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dude sounded all certain that the market will move a certain way as he predits. If he's all that good at forecasting, he'd be richer than warren buffett now
All year long EWT and Avi have been looking for bottom and a run to $SPX 6000, stubbornly ignoring obvious topping pattern. Garret's pinned Twitter tweet still shows different count that the one he presented here.
EWT has changed its tune now to more bearish, but as far as I'm concerned this only exposed limitations of Elliott Waves as a market timing tool
EW is the theory of looking back, it is not a crystal ball.
Garret and Avi has been wrong with this count since last year. They has been adjusted as stock market still crashing
Indeed, at the start of the year they were projecting a mild correction and then a strong bull run to new highs...now at the bottom of a much stronger correction, they come up with no more highs and the beginning of a new bear market. I get that you have to adapt, but the EW prediction capabilities are really questionable this year. Awful results.
Agree, with other folks here - interpretation seems very subjective... I do believe that Sentiment drives the Price/Markets, BUT the disagreement here is that NOT ONLY Price creates/influences the Sentiment...Sentiment is driven my Other Data as well, which if often missed due to the "efficient market" theory...which is NOT ALWAYS true, we all know that Markets are Irrational (often), so this is what EWT is missing often!
EW theory is highly Subjective, BUT you can make tones of MONEY by mastering it (and adapting to market dynamics), that needs lot of experience!
Great insights!
Doesn't Avi count differently? I believe he didn't arrive at (v) of (iii) yet.
I think he said it’s still possible but he hasn’t ruled out that wave v has completed.
@@Eli-vf7io that makes a 180 degree turn for my positioning! 😱
Dude every time is whatever fits their narrative
@@abstract529 nope. EW changes as price changes. There is no "narrative". I have seen Garrett and others sometimes just say "This chart is crap. I can't say anything about it". This is what bothers people about EW: they want someone to assure them that a stock, or the market overall, will do "X". EW is probabilistic, not predictive.
You lost a ton if you followed these clowns. Earlier projecting S&P 6000 and gold rallying into year end. guess again.
Everyone was calling for that to be fair
If you had really been following them, you would know that there is almost always an alternate count. You have to choose how much risk you want to take and put stops in accordingly. If you just "set it and forget it", you're gonna fail, no matter who/what strategy you follow.
@@jhmastodonj There's always an "alternative count" that's called a cop out. Avi was mocking those who had the alternative count, ie those who got it right. No matter how you try to whitewash it it's a spectacular failure.
@@cbjewelz No they weren't, to be fairer
@@GeorgeStar Correct. The market has been a spectacular failure.