| | | | TURNMIRE TRADING NEWS MINUTE
Certainty In An Uncertain Market
Over the last few months, we’ve talked a lot about Jeffry’s view that the market is nearing a top.
See here, here and here, for examples.
So why has the market only surged higher?
Nothing in the market is certain, as Jeffry will remind us often:
The market is designed to take the most amount of money from the greatest number of people.
And its best, or probably only way of doing that is to do the thing that most people aren’t expecting. Go up when everyone is expecting down, that sort of thing.
That’s why Jeffry rarely speaks in certainties.
He talks about high-probability patterns, but it’s essential to understand that predicting the end of the longest bull run in history is "difficult."
We checked in with Jeffry recently and he had this to say:
“We are going to get a correction. Is now the big down?
Or is it just a bigger correction than we have seen for a bit, and we could still make one or more bigger extensions higher before the end?
Predicting the end is difficult. I won't know for sure until we are well into it. The downside of Elliott Wave... You can't be 100% sure until everything is complete."
He also pointed out an interesting observation:
"We have been making higher highs in the market, but many stocks are at lows or just sideways. With the concentration of Mag 7, maybe the stocks that get hit hard are relatively narrow. This correction won't be like others. They never are."
In essence, the market is unpredictable, and while Jeffry can identify patterns and potential outcomes, absolute certainty is elusive.
The current surge doesn't invalidate the possibility of a significant correction; it merely underscores the market's complexity.
Stay tuned for more updates and insights from Jeffry on his Morning Monster broadcast, even weekday morning at 9:15AM Eastern.
— The Jeffry Turnmire Trading Team
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