Where did this originate? Who are they? Anyone know anything?
It's a term I made up to describe the tactics some one or group uses to maximize returns using loss aversion psychology. there has been a pattern that has repeated five times now in the last fourteen months:
1) crash/bounce
2) stutter step
3) spike/short squeeze
4) second bounce at much higher level
thennnn....crash, bounce, rinse and repeat.
We are getting close to the short squeeze.
Such investigator!
Keep the good work on and in a few years you will not only have made up the term of an ABC correction, no!, you will make up the terms of all Elliot Waves!
