I'm not necessarily saying it can't take a massive correction. I'm just wondering what could cause such a correction. I know that Elliot Wave Principal doesn't answer why, only gives possible outcomes based on the waves. It's a solid dominant company, but who knows...
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What i mean is that some people shouldn´t get too much credit about his ability to make predictions on the market, and everyone should Always Check his past history of results.
That is what i am doing (and he is flagging the posts until they are invisible), and so far, he only got 9 of 61 predictions right. (14,75% accuracy rating)
I am not having much time these days to updates my tracking, but i will resume them shortly.
But what i found out so far is that after last year bull run he made some right predictions, made a lot of noise, and since he only wrote what people wanted to hear about all coins (that they would Always go up), people started to think he is good (wich he is not).
And guess what? If you Check his old posts, he does a lot of noise when one of his predictions hit the target, but stay really silent when most of them go the other way.
And after all this "fame" he acquired, he is now charging $1,195 a year to give his "amazing" predictions.
But as he say, make what you wish of this information...