stock market was up today...

For you folks who are familiar with the Elliot Wave Theory and the Fibonacci Ratio or Retracement, the bottom should settle at around 20,750-20,765 for the Dow. That's another 1,300 points or so. These are based on charts of past peaks and valleys of the Dow. Probably take until the end of the month or so. Then, it should take off again.
 
For you folks who are familiar with the Elliot Wave Theory and the Fibonacci Ratio or Retracement, the bottom should settle at around 20,750-20,765 for the Dow. That's another 1,300 points or so. These are based on charts of past peaks and valleys of the Dow. Probably take until the end of the month or so. Then, it should take off again.
What’s the wave theory bottom for SnP?
 
That won't calm the hysteria for long. It has to run its course.
Well, no...we've still probably got lower to go purely from the economic effects of the virus.

What's interesting is that even the typical Fed critics' reaction to this is a shoulder shrug and an admission they had to do it. Guess it's a little different when it's being done in the face of a pure externality rather than stupidity and fraud on the part of people.
 
For you folks who are familiar with the Elliot Wave Theory and the Fibonacci Ratio or Retracement, the bottom should settle at around 20,750-20,765 for the Dow. That's another 1,300 points or so. These are based on charts of past peaks and valleys of the Dow. Probably take until the end of the month or so. Then, it should take off again.
I call 16,000-18,000 Just a hunch.
 
There's always a next guy. That's why I'm leaving my boat and guns to my son. Next guy can play with the wife but not with my toys.
If I ever get a terminal condition I’m gonna booby trap my work shop, Cobra, and my boat. The next mf-er isn’t gonna just get handed over my toys. Guns will go to the nephews before I expire.
 
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If I ever get a terminal condition I’m gonna booby trap my work shop, Cobra, and my boat. The next mf-er isn’t gonna just get handed over my toys. Guns will go to the nephews before I expire.

When I had a Harley I told the wife I was leaving that to my brother. New guy could ride the wife not the bike.
 

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