Quote from: klee on November 05, 2015, 12:10:50 AM

Quote from: Miz4r on November 04, 2015, 11:47:27 PM

Quote from: windjc on November 04, 2015, 11:08:24 PM

Quote from: masterluc on November 04, 2015, 07:46:35 PM

Of course it may pop at some point, then recover, but there wasn't even 4rd wave since 240. All this is the local 3rd.

Can someone translate this for me? Thx.

You understand EW theory I presume? Masterluc is just saying that we're still only in local wave 3 since 240, and that he expected to see a corrective wave 4 much earlier. That's why he sold his coins at 320-360 or something around there.

I don't really understand why this is a reason for masterluc to end his analysis though. So wave 3 was bigger than anticipated, and wave 4 seems to be underway right now. Why is this such a problem? You can't correctly predict and ride every single wave out there, this one was too big and unexpected also for me and I've been hanging on all the way in November 2013. Chinese buyers are just something else lol.

Is there an objective way to count the waves? Or is it up to anyone's interpretation?

Both. There are guidelines, but as with anything else, the data can be interpreted in multiple ways. That's why, given the same circumstances, you can see vastly different EW analyses.