November 8 (Wed): 【Harmonic】 Nikkei 225 VS USD/JPY (Chat: "Famous people are not necessarily genuine!")

Good morning.

Yesterday, I watched a YouTube video where a famous person who publishes several books talks about their investment method.

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Is there no logic to what they are saying?

To put it simply,

'They advocate contrarian investing,'

but they say, when the market reverses, let's enter!

And the way to gauge that reversal is

If there is a larger pullback (green) than the previous dip (yellow), we consider it a trend reversal, and if a large rally (green) appears, you can win by shorting!

That is...

Now, what if the pullback was a "flat" in Elliott Wave terms

(Note: A-B-C waves form a flat. Generally, the C wave falls more than the A wave.)

What would you do, I wonder?

And yet, despite promoting contrarian investing, when the trend reverses they say to short...

Isn't that more like "following the trend"?

The contrarian strategy I recommend is

not to sell after the rate reverses, but

『Sell when it goes up, buy when it goes down』

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Famous people = not automatically trustworthy, safe, or incapable of deceit

So don't assume that!

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