Elliott Wave Theory is an amazing long term forecaster for stock market. Super Cycle Wave V]III) high was calculated to be either 10600 or 14400. The real high is either 11568.77 or 14198.10. Super Cycle Wave V]IV) low was calculated to be either 5300 or 7200 in 8 years. The real low is 6469.95 in 9 years and 3 months. Super Cycle Wave V]V) may be 6469.95*6.23 = 40300 in 2020.
full steam 05-04-13 11:18 PM full steam ahead 03-08-13 09:56 PM ........................ 09-15-12 05:46 PM Quote from elovemer: sure looks like big wave 3 underway on all indices look out above all time highs should be a great chance to get long again long term naz.... can see the wave 3 very clearly Quote from elovemer: ........................ 09-15-12 05:46 PM
The last INDU Bearish count is an Expanding Triangle of which Wave V]IV)Dc]5) should end soon, below 16500.
TRAN also near measure move in addition to 161.8% Fibonacci Advancement. Note: Dow Theory Bull Market Confirmation.
Crude Oil may be going UP as Wave V]V)III to $120, $144 or $290. If the world economy could not sustain Crude Oil $300, may be Crude Oil might fall as Head and Shoulders pattern to $50.