Reddit Posts
Are you staying bearish in this pullback - bottom of the Pitchfork / wave 4 of the EWT / support at the 100 and potential golden cross coming on the MAs
Elliot wave theory on overall market & some favorite names
An Illiad of GME Technical Analysis and DD
The Definitive GME Technical Analysis and some DD
Today could be the last day of Gamestop's retracement based off of Elliot Wave Theory
Mentions
Yeah, no, I’m right there with you. OP is just a fucking retard lol. OP has probably never even heard of the Lebesgue measure lol, let alone continuous time stochastic processes or anything of the like. I’m not a quant but I did my undergrad in math and took first and second year math PhD courses my senior year and then went on to do grad school in stats at a famous institution and even then, I only scratched the surface on this stuff. Maybe 50 years ago, technical indicators like this were useful but now, it’s just largely noise. Don’t even get me started on Elliot Wave Theory. Anybody that posits that immediately ousts themself as either ignorant or a huckster trying to sell you something. I interviewed for quant jobs at Citadel, Optiver, and Wolverine, and none of them asked me about the MACD, EWT, etc. OP doesn’t want to hear it though because their ego is too fragile.
Drop some into the EWT Coin since Energy Bases Stocks have a run rn
I need some adrenaline on weekend, gonna pour 1k into ($EWT)
homie, learn a set a tools. EWT for forecasting or DSP for reactionary. Pick what works for you.
I guess I shouldn't be surprised that your comment seems to be the only one actually mentioning that OPs dad is probably talking about EWT. While there's definitely tea leaves reading associated, I think some of the ideas about mass psychology can make sense. I don't know if they necessarily hold up in exactly the same way these days with how quickly information can be shared but I think there can be some solid foundational ideas. Certainly not the idea that waves create the news though...
Four ETFs, not stocks, that are strong, diversified, and ex-American: EWT, EDEN, CJP, EWN. I like EWT and EDEN.
Awesome thank you! I’m embarrassed to say I’ve never heard of EWT before 😅. Even though I sleep with an options and tax book over my head I guess the only really way to get better is to actually study then 😔 wish ya luck!
I just read a lot. Early on books on investing like Berkshire Hathaway University and the Gardner brothers on choosing stocks and building a portfolio. Then Investopedia and the like. For options, the wikis on subs and watching what others are doing and their reasoning has been invaluable. I’m going to learn EWT next and focus on SPY technicals/algorithms. Oh, and I read company financials and all about what they do and the technology that I find interesting, as well.
I just read a lot. Early on books on investing like Berkshire Hathaway University and the Gardner brothers on choosing stocks and building a portfolio. Then Investopedia and the like. For options, the wikis on subs and watching what others are doing and their reasoning has been invaluable. I’m going to learn EWT next and focus on SPY technicals/algorithms.
Oh. Though I just started learning EWT and staging.
📰 For those holding TSM or EWT, the Taiwan Stock Exchange will be closed today due to Typhoon Gaemi.
> The Russia-Ukraine war took me by surprise. I happened to invest in the market a couple months before this event began, which tanked my portfolio. I shouldve been more cautious in hindsight and this might also cloud my judgement on the possible China-Taiwan invasion. When this occurred in 2022, if someone bought ags (CF, MOS, etc) and energy, those things - among some others - did well because of it - at least initially. However, if you look at the 2-2.5 years since then in their entirety, would you have done better if you 1) continued to position conservatively because of that 2022 event or 2) if you had bought the growth downturn and broader market in 2022? I think the latter. Nothing wrong with being newer to investing at all but I really think that most people who are varying degrees of longer-term investors would suggest not to base your portfolio around trying to bet on geopolitical events that might or might not happen and options aren't something I'd use if you're not familiar. It was more the thought process of if you want to bet on this scenario happening (again, not something that I'd recommend), shorting something like EWT would be a pure play on that. On the flip side of that, as I mentioned above, I think if the market really viewed the the possibility of what you are concerned about as a *very* significant possibility within the next year or so, TSM would not be going up every day - despite it being part of the AI theme, if there was an 80-90% concern by the market that China would invade, imo that would offset AI gains. I don't know that this situation would be "bunker-worthy" but it would likely be negative enough that anything you could be long that you think would be a beneficiary would have to be a very large beneficiary to not at least initially be lower from it. I agree with u/95daphne that the more likely scenario is China continues to press for influence rather than trying to invade. They think the possibility of what you are concerned about is 10-20%; IMO, I'd put it more at 5-10% and more on the lower end of that.
While the scenario you mention is something that I think certainly has a *chance* (not anything remotely close to 90%) of occurring, if you're thinking 90%, the market clearly is not thinking anything close to that and that's something I'd consider. "Do you even have any chance to predict when this event will happen exactly as a layperson," No. Also, while I don't agree that this has a 90% chance of occurring and wouldn't recommend this, I'm surprised you don't mention shorting TSM (which is making one new high after another lately, people not showing the concern I'd think if China invading was that strong of a possibility in the next year or two) or the Taiwan EWT etf. Again, not something I'd recommend doing but those to me would certainly be a far better choice if one thought that that had a 90% possibiity of occuring then buying oil.
You’re not even reading my responses. Clearly. Probability-based. Clear guidelines on support, resistance, targets. Risk mitigation. Upside definition. I never said it predicts the future with 100% accuracy. Can you do that? Do you trade with anything more than feeling? Are you able to provide a better than 50% probability to any next move on any particular stock? Give me some number of stocks. 10, 25, whatever. You pick which stocks they are. I’ll match it with my own picks. And I’d bet you I can correctly predict the near-term price action better than you or anyone else here based entirely on EWT vs. whatever method you want to use. I’ll even give you one random pharma stock right now that has nearly $40 of upside vs. ~$4 of downside and challenge you to give me anything close to that R:R.
This is the dumbest analogy I’ve ever heard. EWT is a repeatable, provably useful guidance tool. It provides a framework for key support, resistance, and target levels that allow you to hone in on strong setups and know very quickly whether such awful will succeed or fail, and keep your downside risk strongly mitigated. It grants you a view into whether or not something is bullish based on observable patterns that are grounded in human biology. Fundamentals do nothing like that, and provide zero direct guidance on any price movement. In fact they constantly provide the opposite—how many times have earnings beats caused severe drops and earnings misses get bought up strongly? How many times has inflation news lead to the exact opposite reaction than you’d have expected? You don’t have to use EWT (“TA”). But suggesting it’s the equivalent of signs in astrology is offensive to anyone who has spent any amount of time understanding the discipline.
Thanks, I could use another. Again, this is hysterical. You people bring up completely useless, nonsense rationales for market movement; the war in Ukraine, elections, MidEast tensions, inflation, etc. Anything to explain how and why price moves. Yet literally none of these news events have any correlation or predictability. *None* of them. But when TA that actually measures the ONE thing that moves price better than anything else comes along, it’s “just lines.” To be clear, I don’t even use lines. EWT doesn’t generally care about lines either. But I don’t recall a single one of you correctly projecting a 100+% move in a completely random biotech stock like I did using what most of you consider garbage analysis. So please, keep using fundamentals to guide your trading and enjoy getting whipped around with absolutely no guidance as to why things move when and how they do.
HeliumOne Global Update... (HLOGF) / (HE1) "We are very pleased to be advancing into this next stage of the Rukwa Project - Phase III. Whilst we are preparing for the next operational phase, which includes the EWT at Itumbula West-1, we are growing the team to deliver the large amount of work that is continuing in the background and that will enable us to progress the project as quickly as possible". Things starting to move 😌
Use EWT instead. Check my post on TWST 🤷🏻♂️
No idea ~ but if it's related to EWT and saying the pattern is on Wave 3 (of 5)...::: shrug:::. - is the 22d 18h the full wave duration so far?
Fib Pinball is a specific discipline of EWT founded by Avi Gilburt. It relies on Fib levels and EWT concepts to track and project price action based on established sentiment patterns at a more micro level.
Honestly it’s far too variable an answer to give you a definitive, but as far as actual peer reviewed studies I haven’t bothered looking. What I can tell you is real people use this and a number of them refer to this as life-changing. One guy (strictly an options player) had doubled his account YTD on July 31 of this year. Another made an eight figure (in AUD) gain betting equity on a tiny mining stock using his own EWT analysis. People post in the room every single day about scalps they made in this or that and it’s all based on this theory. So if you study it, figure out your best way of applying it, know your preferred investing style and figure out how to harness it, I’m positive it’ll beat the market—by a lot. But I’m sure plenty of people just don’t like it and also don’t want to be so active in the market. So it’s very individualized.
Any peer reviewed studies that EWT has produced market beating performance?
Since #NothingEverHappens and Everything is Fake and Ghey I have decided to go all in on TA35, EWT, 2000 of americas zombie corps, and oil shorts👍
I just buy $EWT which is a Taiwan ETF with 22% TSM
Some people use EWT, some also use fibs to extend potential s&d levels. You can look in to it if you want. Also another tool is dark pool and gamma levels as well
I’m not inherently bearish. I am not one of those pounding the table over the market being overvalued. But the price action will show you why I’m bearish over the coming year or so. Look up Avi Gilbert. Look up his track record. Look up the price target on SPX based on his discipline of EWT which accurately called the October 2022 bottom and the start of the oil bull run. The previous major top in gold. I could keep going. You probably won’t care, agree, believe it, etc. That’s fine. But I’m offering up the advice and wishing you luck.
US multinationals extract a lot of growth and surplus from international markets. Large cap stocks have a decent share of revenues from foreign countries save energy companies and a few domestic manufacturers. EWT/EWY are commonly used to get South Korea or Taiwan exposure if you want Asian growth but keep in mind these have returned basically 0 over the last 15 years.
> Right, but much of what you've described are issues with forecasting, not issues with fundamentals. Right, but that's what we're doing when we talk about TA, right? Forecasting. My point is that both methods have issues predicting the future with vast uncertainty about how prior trends will apply to your trade. I would argue that both TA and FA are valid if we acknowledge that they're analysis of past action. ​ >All of those can be exploited, especially in times of distress (like we saw with covid) or excess (like we saw with ARKK). Agreed. ​ > For example, [I made this call in April of 2020](https://www.reddit.com/r/investing/comments/fyx7ub/resources_to_deploy_2020_corona_virus_edition/fn8j3tc/). I really don't want this to seem like a brag, and it absolutely is confirmation bias because i probably would've forgotten all about it if the trade went the other way or took longer to play out, but I think it's a perfect example of how pricing and valuation work, especially when things go haywire. It was a really good call. You should brag about it. I think you're thinking behind it was solid. I can look at that call and look at your reasoning and while I agree with tend to promote our winners, you didn't get that right because you were guessing. ​ >Also, I'm not necessarily trying to declare war on TA and telling everyone to pick a side. I only brought up Aswath Damodaran because I've never heard him once mention an RSI or moving average or a chart shape, only intrinsic value and an occasional EWT reference. That was more of a commentary about the language and framing we collectively use as a community about these topics. I find myself doing the same thing and am trying to catch myself doing it, because I really believe that the more tools we use, the better we will do. ​ > My personal issue with TA is it requires a lot of "bobbing and weaving" in your positioning, and the more you trade, the more prone to errors, imo. I'd much rather attempt to get very intimate with a company's operations, and hold for years (or until it reaches fair value) if I can. That's another potential edge for FA if you can devote the time to it. How I handle this is that I have a core that I hedge with a TA tactic I use. If risk is high, I go neutral until I have a higher confidence, which cuts down on the position-switching effect. But that is definitely an issue, particularly for swing and day traders who start out playing short term TA patterns. I enjoy it, but it's definitely a route to losses for many people. Right now my core is all SPY and QQQ against SPXU and SQQQ running about 50% exposure while we're in this bullish trend. I'm playing AMD on the short term trend into this week, though I've sold most of my positions. On this trade, my TA earned me a 15% account expansion over 3 days. If I sold everything on Thursday it would have been 26% LOL, but I enjoy gambling some of the gravy. One thing I've adopted to cut down on position switching is to use the 1 year chart and play longer trends. I avoid making a play until I have a solid thesis with risk definition and an escape plan. When I do this over the past year, I have a 90% win rate (got stuck to a position and leveraged into it expecting a leg down in June even though my TA was telling me to go long)... my problems have been when I was trying things out or just gambling gains LOL. But that's a trader maturity and growth thing. But using TA on a longer timescale and changing the tactic can result in less overtrading. ​ > And i agree, this has been a constructive conversation. Which i didn't expect to find on this sub. Always good to meet people who make us think. :)
Yeah idk man. I haven't read a single book or seen a single article that talked about the statistics of TA. I think that TA relies too much on confirmation bias to be a real tool. Like your cup and handle example. Sure, it may make sense that a stock is oversold, then rallies back to form a base. But is there any actual data to back that up? For example, if a stock falls x% then rises back to its original value and then falls (x/y)%, how often does it break above its original price vs continue falling? Personally, I think if it continues falling then it becomes a head and shoulders pattern... /s Fundamentals can't be denied, just by the nature of valuation. Even if it's mispriced, the delta will be returned eventually in the form of dividends or buy backs. I don't think anyone is doubting that. But it's worth stating. For Elliot wave, I think they stumbled onto an interesting phenomenon that lines up with investor psychology. A "primary wave" is made up of: denial - correction - acceptance - correction - euphoria (and the converse on the way down). It's intuitive, and not backed by data, but it's unmistakable when it's happening - when you know what you're looking for. I know that sounds stupid, [but I've been waiting for the Euphoria phase since the great recession](https://www.reddit.com/r/investing/comments/fyx7ub/resources_to_deploy_2020_corona_virus_edition/fn8j3tc/). And we finally got it in 2020 and 2021. My main issue with EWT is that they try to adhere to strict rules and they think that the "waves" should be consistent all the way down to the minute level. Personally, I think if you zoom out and only look at it from the 30,000 for view (ie yearly chart), it becomes much more intuitive. But like you, I don't have hard data. But I do know, for a fact, that returns are the highest when the risk looks the greatest, but are overstated. And vice versa. And that corresponds to what I've stated above. What's ironic is that Aswath Damodaran has alluded to EWT in his writings, and he's the most fundamental guy there is. At the end of the day, I can't disprove TA because I haven't studied it enough. I just know that I've given it a fair shot in my early years of investing, and it led to underperformance. That doesn't mean that it can't, or won't, work. At the very least, it means that I wasn't very good at it.
>I don't really base any decisions off of EWT, but i can't deny that this latest rally doesn't feel more like a "breather" rally / bull trap / "return to normal" phase. You sound smart, could you try that sentence again without the triple negative? I'm being serious here, I'd like to know what you're trying to say because I think it would be useful but I'm not sure I got it right.
Can you draw it out? Because I don't see that at all. I'm the biggest fundamentals, anti technical, guy you could find. I hate it all: moving averages, MACD, trend following, etc. I cringe when people mention fibonacci's or gaps filling. But I do believe in market psychology, and I can't deny that a lot of the elliot wave stuff sort of follows that. I don't really base any decisions off of EWT, but i can't deny that this latest rally doesn't feel more like a "breather" rally / bull trap / "return to normal" phase. And the fundamentals support that. We may very well be heading for a soft landing, but we're still at least one standard deviation too overpriced by a lot of metrics. Then toss on the yield curve inversion. And an immediate risk-on appetite shouldn't be a sign of a bottom. I'm not saying that we might not have bottomed already. But I think some caution here would be prudent.
Worst elliott count I've ever seen, EWT has rules you know..
Not exactly related to stock-trading, but needed to vent: My company is in dire need of a new water-cooled chiller for one of our buildings. Our current water-cooled chiller is failing drastically and we have a lot of trouble keeping a consistent EWT. From design-to-construction, we estimate it would cost around $1M. Our higher-ups (we work for a giant, multi-billion dollar corporation, by the way) tell us that we don’t have the money (and we made billions in profit last year; not tech profit-margins, but still in the billions). From capital-/maintenance-/operational-/energy-saving and avoidance perspectives, it’s a no-brainer. And then I look at what $META has poured into Metaverse. I’m dumb-founded at how many billions have gone into that, but my company can’t replace a damn water-cooled chiller?
All in on EWT. It’s going to be the backbone of the new global economy and the company that sets the global standard for carbon offsets
I’ve been following EWT and it’s been nearly spot on. Obviously you have to know how to trade and set stops when it gets too volatile. I think we have seen the end of W5 which is why we’re bouncing here. Just happened to time perfect with not so bad earnings. we will rally 10% to $390-400 before we begin next down leg into dec & Q1. How I’m playing it
Following EWT, I think we completely W5 at $348, W1 bounce to $368, W2 down to $357, W3 (longest of them all) could extend to $385-390. I think this completes near $390-400 before next leg down
Seeing some of those EWT nerds say 6-20 year long bear market.
If it follows EWT like I’ve been following. Could see a pop to $365-$367 Monday
problem is fintwit has literally 0 money in the market and just free-associate EWT that changes every day
I am a professional trader of EWT. I use fib retracement and extension. The ratios of fib are 0.236, 0.382, 0.5, 0.618, 0.786, 1 1.382, 1.618, 2.618. 2.618 becomes overextended but once it breaks that target and next target would be 3.618. That ABC retracement looks like it's done and going to a bigger C wave or a 5th wave. That's why you will see a crazy spike. So when do you use fib?
**$EWT. I’m shorting the country of Taiwan tomorrow for the memes.**
If you followed me you would know I was publicizing EWT put flow for the last 2-3 months for that reason. Still too early
Me sadistically keeping the $EWT Taiwan ETF at the bottom of my watchlist with puts armed in case China nukes their economy into a Russia $RSX
are you in EWT puts? there was enormous flow over the past few months but they started to unwind some of them over the past two weeks.
EWT puts still being added. or spreads. not sure
My December EWT puts say maybe September
who's buying EWT puts. or TSM.
also is anyone else adding EWT puts for the fall/winter?
EWT is the whole ETF you get banks too
I think I've seen your comments/posts before. You're an insightful person. Clearly intelligent. So I thought about what you had to say here for a few more cycles than I otherwise would have. I think you make some valid points, and I don't think we are terribly far apart in our views, philosophically at least. I don't claim that \[insert any TA concept here\] works because of some kind of natural phenomenon, quantum entanglement, or some other questionable underlying reason. As you say, many of them work because traders expect them to work. Some have established themselves over a very long period of time (>100yrs) and have become almost laws of nature unto themselves as a result. Regarding S/R levels; I didn't claim that S/R works *because* of institutions or their algos. I claim that institutions utilise S/R levels in their trading for the same reasons I and other traders do. Because they are statistically relevant and have been for a very long time. The fact that institutional traders do this only serves to *strengthen* such S/R levels, thereby continuing the tradition. We don't *need* to go much deeper than this to understand price action. In itself, patterns becoming relevant because people keep making them relevant is all that is needed to know to properly understand *why* they are relevant. Why? Because the share market is essentially a superorganism made up of many human minds. If certain patterns/behaviours emerge by themselves that tend to repeat, then those patterns *came from* those humans interacting with eachother in the first place, and then evolved/refined/strengthened over time by that same mass interaction. The market created them, and the market supports them. Period. There are lots more patterns and concepts than just S/R levels, of course, but the same rationale applies. Even Elliott Wave Theory, which I have studied, can be explained in this way. I don't use EWT, except at times as another data point to improve the probability that a corrective pullback has run its course, for example, but I can absolutely respect it as a valid approximation, or "model", if you will, of what price action often does in the real world (It's just that counting waves properly involves a ton of work, and it's difficult to use it to give actionable trade setups). This is a fascinating topic which I could go on for hours about, but this is a war and peace comment already so I'll stop now.
> EWT, as I observed, requires judgment calls and is not an exact science It's not a science, period
What you are referring to sounds like the Elliott Wave Theory. Stage 3 of a downtrend is scary indeed - it's the biggest wave down of the downtrend. Stage 4 would then be a dead cat bounce just before Stage 5, the capitulation. I don't know if any sites that provide Elliott Wave Theory counts for specific stocks. I do see EWT counts sometimes on TradingView but EWT, as I observed, requires judgment calls and is not an exact science.
I would start looking at the individual country ETF's from ISHARES like EWS, EWT, Etc.
Dude you laugh BUT We are in a 70 year bull market if you buy into EWT
$EWT puts are up really nicely. Still has ways to go
According to EWT will be a bounce from 4150-4200 to 5000 over the next 9 months and then, wait for it, wait for it, A 18 YEAR BEAR MARKET
I like your analysis. Technicals look good on that EWT short
Who was that Russian guy? I like that EWT short play
I’m shorting Taiwan’s US listed index (EWT) My thinking is, it has barley corrected from its ATH after running up 100% from March 2020, considering all the global economic issues and looming China fears I feel like it should be due for a correction regardless of the Ukraine situation. Factoring in the situation in Ukraine I don’t see how this trade can backfire on me. If Russia gets serious sanctions we will get much higher inflation leading to markets selling off. If Russia doesn’t get any serious sanctions Taiwan will be in real danger as China now knows they’re will be little repercussions.
Stop with your logical arguments, the market has spoken, all is well. I increased my EWT puts.
EWT is the next level sun moon stat sign BS
Found the EWT acolyte (no offense)
EWT puts. Someone just bought a shit ton.
My EWT puts are already printing
uh oh china is talking about Taiwan now... their index EWT has no options so TSM is the next best option. this may be the next best play if you missed out on SPY puts today.
Okay now that makes more sense. There has to be an intermediate fib retracement level between this level and 3600 though ?!?! EWT practitioner?
I can only hope. I did use EWT to forecast the top of Bitcoin in April 21 before it’s ~60% decline. https://www.tradingview.com/chart/BTCUSD/lNECckIL-Elliot-Wave-Ending-Diagonal-in-play/
I’ve studied the theory & rules of Elliot wave theory in some courses i took. Do you have any studies to back up your claims? Otherwise, your opinions are just noise that most retail traders trade on. There is no meta-analysis on EWT. There are some studies showing it’s effectiveness though, for example: https://www.researchgate.net/publication/316702779_The_Effectiveness_of_the_Elliott_Waves_Theory_to_Forecast_Financial_Markets_Evidence_from_the_Currency_Market
VIX cannot be purchased. there’s no underlying. it’s an instrument used to measure the variance of option prices of calls/puts on the SPX. so how the fuck does the various levels of VIX get respected? you’re better off using EWT to time your trades. it doesn’t matter if it has worked the few times in the past, using TA on this shit makes no logical sense since VIX tracks SPX and not the other way around.
EWT just broke out. Gonna chase that tomorrow.
EWT retracement levels? Thanks for the PTs
You technically can only buy Taiwan listed shares with Taiwanese brokers. And only if resident in Taiwan. However you can buy the EWT ETF and that basically should get you the same thing.
I believe AVUV and AVDV are way to go. Would rather mix with mid cap than SP500. From risk perspective, this is best adjusted return you can achieve. My portfolio 40% AVUV 30 %AVDV 10 % EWT (Taiwan) 10 % FLKR (Korea) 10 % SCHM (us mid cap)
I’m not aware of any other tradeable ETF that tracks Brazil or emerging markets. EEM is good but the premium has dropped. EWZ, EEW, EEM and EFA are all liquid. I’ve traded EWT but I find it less liquid. Everything is dropping in IV. With the VIX down around 15 again, this could be a dangerous time to be selling premium. I think volatility is really oversold right now and the market can likely realize much more vol than is priced in.
Buy SOXL or EWT
Cheap Hedge - Big Payout “EWT” OUT OF THE $ PUT LEAPS IN EWT Truthfully this is an idea which I hope doesn’t workout cuz if it does means China will invade Taiwan. Unfortunately shit is getting real and why not evaluate an investing angle. OUT OF THE $ PUT LEAPS IN EWT (which is the Taiwan Equity ETF). If any happens that market is gonna plummet for at least a few weeks. Plus like the US & thanx to TSM they have also rallied hard for the past year. I’ll probably buy the them to March of next year around 10% out of the money. Or the other way to simply play it is with CALLS INTC.
Cheap Hedge - Big Payout “EWT” OUT OF THE $ PUT LEAPS IN EWT Truthfully this is an idea which I hope doesn’t workout cuz if it does means China will invade Taiwan. Unfortunately shit is getting real and why not evaluate an investing angle. OUT OF THE $ PUT LEAPS IN EWT (which is the Taiwan Equity ETF). If any happens that market is gonna plummet for at least a few weeks. Plus like the US & thanx to TSM they have also rallied hard for the past year. I’ll probably buy the them to March of next year around 10% out of the money. Or the other way to simply play it is with CALLS INTC.
THICK AS FCK AYUVGFyrushire32EWT 53Y
So you'd prefer to hold where? Going down by market cap: * India? Promising, but an absolute mess compared to China. I live between the two, I have spent time in both, India is just... a different world. Maybe one day it's going to be different but if you asked me if I had more confidence in the development of India or China, there's no question. The only thing India has is it's so much lower right now, it has more room to grow. * Brazil? Middle income trap, and screwed up in so many ways. I work with a few Brazilians, to say they aren't optimistic about their own country would be an understatement. * South Africa? Has a lot of problems. GDP/capita is almost 40% *lower* than it was 10 years ago. Stock market down over the last decade. And a full quarter of South Africa's market cap is basically... Tencent, it would be down even further were it not for that, Tencent has actually singlehandedly propped up the entire South African stock market. But it's Tencent so you presumably don't want that. * Saudi Arabia? Immensely messed up place and the key industry is long term decline. * Hong Kong- I'd actually have some time for this one, it's a great place, but it's still "China" and you have all the problems of CCP interference and the long-term prognosis is mixed both with the protests domestically and a slow but * Russia? Run by oligarchs, Putin, yada yada. * Thailand? Military dictatorship, very lackadaisical business culture, tourism is now devastated. This is already most of EM by market cap, we're down to the countries that are only 2% of VWO at this point. The point is, all emerging markets have issues. Other emerging markets, other than China, have their own issues. And frankly, living in a developing country and having spent time in China, I would be more optimistic about China than many But we don't know- so holding lots of EM is a good idea. Incidentally, here's the performance of the iShares country ETFs for the BRICs + Taiwan over the last decade. And it's China and Taiwan you're trying to avoid in EM? https://stockcharts.com/freecharts/perf.php?MCHI,EWT,INDA,EWZ,EZA&n=2384&O=011000
My confirmation is now 420% biased: as I had said in one of my previous 69 accounts, technical analysis, EWT, etc. don’t work for massively shorted stocks. Correct me if I am wrong!
This EWT is actually way off... join elliottwavetrader.net for legit analysis
SQ EWT analysis, PT 237ish for short term https://www.youtube.com/watch?v=YF8zmHQNJBw
When the market dips, invest in real-world projects ALBT. They are redefining the future of finance partnered with projects like Avalanche, EWT, Unize, Edgeware etc and recently listed on Kucoin for increase liquidity.
I know how much all of you autists dont give a fuck, but here is EWT analysis of QQQ. Watch it if you want, or dont. I could fucking care less but I promised some nerd on here earlier that I would do it https://youtu.be/HAMuuUijaVg
EWT analysis of TSLA, gonna see a pretty nice pop up before more downside https://youtu.be/QW406IJaG8Y
PLTR Very bullish setup ( PT 25 & 27)and likely SPY ATH's in near future. See link for EWT analysis of PLTR and SPY ​ [https://youtu.be/jkkgWwaCK5E](https://youtu.be/jkkgWwaCK5E) \- " elliot wave theory $PLTR 5-23-21 " [https://youtu.be/I79zxbNRp7E](https://youtu.be/I79zxbNRp7E) \- " Spy 5-22-21 EWT Analysis by Btwice "
EWT puts don’t seem like a bad play
Hi, I apologise if my post isn't of particular quality and I'll take it down if it isn't up to scratch. I'm fairly new to investing and would like some advice on my holdings. I don't do stocks because seeing market fluctuations stresses me out so I'm doing ETFs instead. I currently do monthly RSPs for a couple of ETFs - EWJ (Ishares Japan), 2801 (Ishares China), EWT (Taiwan) and VOO. I did want exposure to more markets rather than just the US market. I had FTIF Global Technology but noob me just realised UTs have costly management fees so I plan on getting rid of it. I like to ask if I'm overdoing on the ETFs and if I'm making a right(?) decision on the UT. Thanks in advance for the advice if any!
Asia markets up, TSM, EWT, nice. They were down today because 16 people have Covid in Taiwan.