Most everyone I'm sure has been in a relationship, many have probably been married. I'm sure everyone has broken up with someone at some point or gotten a divorce. Well the market is no different when you get emotionally tied. What does this mean? Well nobody goes into a relationship or gets married thinking ohhh we will probably breakup. No you think the opposite, ohhh this is my soul mate, it's perfect the ying to my yang. But then something happens along the way. Maybe there is adultery, maybe a drinking problem, maybe..... well you know because most of us have been there. (Yes I can tell by some posts that many have not left there parents basement in years and the only relationship they have is online but darcyspringpopper@twitter told you to stop tweeting her which is the same thing). I mean who get's married with the knowledge of getting divorced? Nobody but divorces happen. After two divorces (wasn't my fault believe me I'm a great guy) I look at my relationships differently. I look at it as well what if it doesn't work out? I'm much more cautious. Do I want to move all my furniture in now, or take it slow to see how things evolve, let me make sure this is the right thing to do and let's take it slow.
Well this is the same philosophy in investing. Once you have been through a couple breakups or divorces! You learn to be cautious and expect the unexpected. This is why we move into markets slowly not all at once. If your new to the market can you buy here? Sure you can, but I would only bring over a few clothes and a suitcase, I wouldn't be moving in the bedroom set yet. Now of course some never learn and jump in from relationship to relationship. Yes I see some of those out there too.
So regardless if you agree or disagree with me, I'm only going by what the chart is telling me. And believe me I put a lot more information on my charts then most, maybe too much. Anyone that knows anything about charts is looking at the same things I am. Now maybe they think well this is wave III and this is an WXY blah blah blah, but overall we are looking at the same chart, and there are times we will have a different opinion, but I can tell you from investing for over 30 years, never think ohhhhh the market can't correct.
1) i dont' understand why you say 6199 was the 1,618 fib extension. Drawing it whit TW trend based fib extension i have that 6199 is like 1, or few more, that is why i always considered that this level was too low to be the top of 5 wave
2) the extension of 5 wave is pretty rare, dont' you think it coul better be the extension of 3 wave as i sayd?
3) at what poit do you think we are now in the histroical big Elliot wave? i mean, considering the biggest cycle at what point do you think are we?