was watching the big short about morgan stanley wanted to see..
was watching the big short about morgan stanley wanted to see what their stock price did during the 07-08 crash, how long it took to recover etc.
Very interesting. Once it went public back in early 90s you can see a clear 1-5 wave impulse.
The 5 wave was clearly most extended of all the impulse waves which typically means a retracement to 786, 88, even up to 99% fib.
We went to over 90% fib.
During the dot com bubble you see the abc correction down to 786 fib (not shown). Then
during 07 08 mortgage bond crash you can see a B wave rally that went to 786 fib of the move down in 2000.
finally finishing off the C leg correction 5 waves down to probably over 95% fib. Was very interesting to see prices respect
elliot wave patterns and fib extensions/retracement levels
Very interesting. Once it went public back in early 90s you can see a clear 1-5 wave impulse.
The 5 wave was clearly most extended of all the impulse waves which typically means a retracement to 786, 88, even up to 99% fib.
We went to over 90% fib.
During the dot com bubble you see the abc correction down to 786 fib (not shown). Then
during 07 08 mortgage bond crash you can see a B wave rally that went to 786 fib of the move down in 2000.
finally finishing off the C leg correction 5 waves down to probably over 95% fib. Was very interesting to see prices respect
elliot wave patterns and fib extensions/retracement levels