Convinced
Okay, I have to admit it. I am convinced that Pretcher’s perspective
(along with the Elliot Wave International Team) on the wave theory is
right on. Today, a friend asked we why I thought that the market
couldn’t stay up after gapping up. He started talking about various
news items, and I had to say that I don’t think it has anything to do
with news. I’ve been converted to thinking that it is this robust
fractal driving the markets.