Indices & ETFs

If Panda’s voodoo turns out to be correct, it’s all because of EWT.

If Panda’s voodoo turns out to be garbage, it has nothing to do with EWT.

:thinking:

FIFY

Right or wrong has little to do with EWT since Panda uses it as drawing tool.

Time to follow Avi EWT and stay LONG. For me, it means do nothing :slight_smile: since AAPL is about to power towards $3T :money_mouth_face:

So you are officially done with Panda? You seem to have thrown him under the bus.

The new hot thing is Avi?

No idea. Your good CNBC friend, JC mentioned him a few times. Anyhoo, you need to pay for his service :slight_smile: So I don’t how accurate is his call. He public EWT is a VERY LONG TERM picture, there will be many tops and bottoms… However if you believe his LT public call, can long TQQQ (or SOXL for you) and stay long for a few years… ignore or add if there is a severe correction.

I have already done so after I realize he uses EWT as drawing tool and emphasized too much on cycles and astrology. He always forced EWT into his cycle analysis. Frankly, accordingly to cycle analysis that I read on web, if May is not it, it will be quite sometime… so Avi may be right. After reading face ripper, I think he is also right about the economy is being driven by millennials for another 20 years (from 2018).

Having said that, his DTK is accurate enough for a short trade if you are nimble enough… need to know its idiocracy ofc to use it.

@manch

His latest tweet. Again emphasize cycle analysis. Notice no comment on EWT, just a drawing tool.

Screen Shot 2021-07-23 at 5.26.50 PM

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Where is Elliottician Avi bullish? Are you reading his chart properly? He is telling Debt/Crypto bubble and the length you have showed is longer than 1930 and more than double of Covid-19 drop (30%) !

Avi - This mean severe recession soon !

I just copied your drawings and highlighted with red oval. what does it mean?

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Friday’s record high was the 40th of the year which is on pace for the most since 1995.

https://compoundadvisors.com/wp-content/uploads/2021/07/SP-ath-7-23.png

This is correct.

Good post on the charlatan who predicted 20 crashes out of every one that actually happened:

Harry Dent is like the anti-vaxxer of stock market predictor: wrong, and deadly. Listen to this guy and your net worth will vaporize.

image

Look at when the right line start. Many years after today.

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Harry Dent has a very poor record predicting in any direction. Before he was predicting a crash, he was also predicting a meteoric rise. The only year he was right was in 2008. If you predict a crash every year, you will be right a few times every so many year.

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Harry Dent is a joke. Unfortunately almost all forecasters are full of shit, including Shiller.

Record level in the history ever since RR is created !

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I presume is just a correction, not an EPIC century retracement.

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Fifth time lucky? No more “regional” tops, is a major peak? Anyhoo, didn’t add any new short position because FANGMANT is strong.

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markets are down today about 1.25%

Price action of SPX: Below 4400, should be a correction. Expect to test 4000.

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