Feb. 6 at 6:11 AM
I would argue the #1 reason this market is so confusing is that every stock is in a slightly different Elliott Wave cycle point in time.
Basket 1: Potential last rally remaining after this selloff
Basket 2: Already topped, headed to April 2025 lows before a bear market rally.
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Examples of Basket 2 (I'll have to search for Basket 1 stocks, they are not easy to find)
$META $ORCL $SE $NFLX
Of the 4 examples of B2, Oracle is the most dangerous because it completed 5 waves off the 1987 lows. A 50% Fib retracement from 1987 lows to 2025 highs suggests a price target of
$3. (1997 lows)
We are only just finishing Wave 1 of 5 and ORCL will be down 60%. Think how bad Waves 3 and 5 will be.