snowrider
Registered: Jul 2010
Posts: 362 |
07-01-11 04:08 AM
Where We Stand Now
06/30/2011
Q - Why is SP's preferred wave count in daily chart a bearish one for semi long term?
A - A convincing answer for general public is the google result of "stock seasonal trend". However, to us EW believers, the real answer is that a super bull (wave-[[[V]]]) will be coming after the bear market ends.
Scenario-1:
A giant multi-year triangle forming
the super cycle's wave-[[[IV]]] will
complete in 800-900 area
sometimes next year, and then a
super bull wave-[[[V]]] starts
However, if the market continues being manipulated and rejecting the gravity, a real doomsday will come eventually. In that case, when all resorts are depleted, the market will hard to come back in decade.
Scenario-2:
If the super cycle's wave-[[[IV]]]
has completed in an flat abc format
in 2009, we now are in wave-[[[V]]]
(the the final phase of the bull market)
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