I’ve read Elliott Wave International for many, many years, and I tend to know their “tells”. When they are feeling self-assured, they will boldly state that the market is going to go such-and-such a direction (invariably down, and massively so). After the hellish 24 months that the bears have endured, the boldness has vanished. Instead, they are using a word that normally they almost never use, which is “options”. I don’t know puts and calls. I’m talking about…………..
That is to say, a declaration that the market could go up OR down which is a conclusion that is, of course, useless. In the past, I’ve seen them slip that term in one time, tops. This was a three-peat. All I’ve got to say is, EW has fully lost their confidence, and I’ve got to say, I don’t blame them.
Different Kind of Options
