Markets finally form potential impulse wave count eventually leading to all time high
I'm finally back and ready to focus on the markets again after taking a hiatus for a couple of reasons. First, as of yesterday I am a proud granddad for the first time but, I am a granddad on both sides at the same time with a beautiful baby girl and beautiful baby boy with only 14 hours between them...what are the odds of that..:-) And second, as far as the markets are concerned it was a perfect time to step back and let the chart patterns work to form some clarity as to what traders are thinking. It's hard to believe indices have recovered back to the all-time-highs with the Nasdaq making new highs during a pandemic that has caused the worse financial conditions at least back to 1929 and probably percentage wise much worse. In the years as a Hedge Fund and Pension fund trader on Wall Street I had a rule! Wave 2 corrections could never exceed 78.6% of the corresponding Wave 1 unless the ...