Since the March 2020 breakdown, my leaning has been that our large coins are unlikely to achieve escape from the bear market that started with the 2017 top in Bitcoin -- and now I suggest we’ve seen the 2020 rally complete.
There is no change in my view from last week that we are in the midst of a bounce toward the 3450/3500 area on the Emini S&P 500 (ES) and from there we could possibly begin another leg lower to new lows somewhere in the 3000/2900 region.
What if I told you that there are currently detectable October surprises in store for the American people and perhaps the world at large? With September still to be completed, this is as clear today as an “Unprecedented Global Crisis” was detectable for February and March of this year even as 2019 was yet finishing up and Covid-19 still unheard of.
My current view is that we continue the bounce started on Friday toward the 3450 area on the Emini S&P 500 (ES) and from there possibly begin another leg lower to new lows somewhere in the 3000/2900 region.
What I love about EW is you know when things go wrong and you know when to get out of a position at minimal damage...it has helped so much in my RR work
""Kenneth_Aydt" - Trading Room" - 2019-10-03
The relief of EWT philosophy on investing has been such a gift (besides being extremely profitable) that I have to say this is the most enjoyable service offered anywhere on the internet and probably the best investment I have ever made. Thanks Avi.
""Talapus" - Trading Room" - 2020-01-27
My 401K money has been protected during this, and I'm making money in little chunks in my trading accounts. And that is all thanks to Avi, HD, Garrett, Zac, and so many great members here. Sincerely, my account and my family say a huge THANK YOU to you all.
""Franchise"" - Trading Room2020-03-16
After this week's action and watching how Avi & company nailed the piss out of so many moves, you can't argue with me anymore about the efficacy of EW. . . Just amazing to have a methodology that works so well PLUS the guidance from Avi.
""Bcindc"" - Seeking Alpha2020-03-09
I honestly don't know how anyone loses money on this site. You guys have the closest thing to a crystal ball I've ever seen.
""joneil" - Trading Room" - 2020-09-23
I will say this about this site and the crew in general:
It is one of the most cohesive, cooperative and harmonious "work" groups I have ever experienced.
Everyone's dedication is exemplary, above and beyond the call of duty. The leadership is outstanding.
All the trading and money making aside, it is a true pleasure to be here. I haven't even talked about the quality of the analysis. That, I think speaks for itself. OUTSTANDING!
""Nanook" - Trading Room" - 2018-11-08
When it comes to navigating the markets, I feel like I was driving with a blindfold on before finding EWT.
""bryanjf1" - Trading Room" - 2020-08-07
Avi, you are the best strategist that I follow and you have made more prescient calls than anyone on the street. I currently subscribe to your service and am very pleased. I have been a licensed financial advisor for over a decade and worked at a number of Fortune 500 companies in my career, including usbank, Morgan Stanley, Russell investment and now am a director and lincoln financial and i can tell you that none of the so called experts have virtually an ability to determine market direction. With you insight, i have made a killing and am basing my strategies around your advice. Keep up the good work and ignore the naysayers who are missing out on your sage advice!
""Blue Chip Investing"" - Seeking Alpha2020-04-12
Avi applies the most rigorous application of Elliott wave and Fibonacci analysis that I have seen. Add to that the invention of Fibonacci Pinball, a simple and elegant Fibonacci extension theory that I haven't seen anywhere else. It provides an almost eerie sense of direction once a second wave is identified.
""ChillyD" - Trading Room" - 2020-06-30
Top ticks, bottom ticks. Not sure if EWT has enough power to move the market just yet or bigger money is following these world class analyst. Sure is a pleasure to be in company of such great analysts.