This is the post that called the rally way before people started rationalizing that a vaccine or the FED would make the market to rally. It is quite interesting that no other person(except Elliotticians) called the rally prior to the market rallying. As always most people who claim to forecast the market wait for the market to make a move then in the middle of the move they then claim omnipotence, they claim insight! What !@#$?

Remember also that using Elliott Waves we forecast the low in March and called the rally then. That was also another time when everybody else who does not practice Elliott Waves was fully bearish. That post exists in this thread.

Trump is doing quite badly on the poll numbers. It seems his handling of covid and the Floyd protests didn't go well with voters. Social mood has changed in America. S***hole countries have seen America was swimming naked. Some things can't be unseen

@mnandii.Yes I agree with you that a major downturn in the market is inevitable.This massive meltup is grossly over-extended and extremely frothy.This rally is fake from Fed money printing but I take advantage of all that massive Fed money pump and go long even though I know its fake and a joke.Markets are mis-pricing the risk of a second covid-19 wave and the bankruptcy crisis thats about to hit especially small businesses that didnt benefit from the Fed money printing bailouts.I definitely cannot know when the 2 risks mentioned above will hit the market.One shouldnt forget that the market mispriced the covid-19 risk in late January and early February.Once the Wuhan lockdown was effected on January 23rd,the market still kept going up as Fed repo money printing kept the game going.US investors assumed that Covid-19 is largely a Chinese problem and US had just a handful of cases and the assumption is that it was an over-glorified flu was rampant.I was generally but cautiously long the market until when reality of Covid-19 finally hit the market on February 19th and the sharp downturn and fastest collapse of the S&P 500 in history manifested from late February to late March when I went massively short.

As I said I agree with the downturn that you are predicting maybe coming but the timing of it is impossible.Its very feasible that the Dow and S&P 500 may also hit all time highs now that the NASDAQ did and its also possible the market may crash again in the next few days.Nobody has the exact prognosis of the market and either of these scenarios could happen.Thus for me I review the market on a day to day basis and trade each day on its own.I can be long and short the same stock on the same day not caring about overall market direction and just scalp short term trends.Once that sharp downturn manifests I will be ready to short the market once more.

Well,I guess I will continue to respectfully disagree with you on the matter of Fed money printing manipulation.You have stuck to your guns that Fed doesnt control the market and markets arent manipulated and I know for a fact that markets are manipulated especially by central banks and I keep posting links and screenshots from major news outlets like CNBC,Bloomberg,Reuters,major Wall Street Banks like Bank of America,JP Morgan,BMO,billionaires like Ray Dalio etc stating that Fed money pump is creating fake manipulated markets and these major Wall Street players know their markets better than you or I.A few of those screenshots are as below










I guess we wont ever change each others opinion on this matter.I respect that fact that you think markets arent manipulated especially by central banks even though I think you are wrong on this.We are all entitled to our opinions.If your thesis plus your Elliot wave analysis is making money for you in the market then good for you.I am also making tons of money from a different analytical process.There is no best strategy to make profits and each to his own perspective

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