Ewj: elliott wave

That's the way it is.
UP then DOWN as expected.

 

Last Bull-Bear Test = Dow 25432.
Then either 25750 or 22300.

 

INDU overshot 25750 target to 25800.
If INDU goes up to 26400, it may be Wave IIa]1)1.c .
If INDU goes down to 24800, it may be Wave I5]5)3 .

 

INDU went DOWN to 24876, very close to 24800 target, so it may be Wave I5]5)2.
Next may be another 5 waves UP to 27500 as Wave I5]5)3.
Wave I5]5)2 might take some more time though.

 

Wave I5]5)2, theoretically, can retrace almost all of Wave I5]5)1.
An ugly alternative count is irregular Wave IIa]1)2.
Wave IIa]1)3 can go DOWN to 23100.

 

Looks like Compqx is going to 8600-9500 as said 2 years ago.

 

Divergence between NASDAQ and most other indices.
NASDAQ should be in Wave B of an irregular correction.

 

I don't suppose anyone has tracked mu200411 performance based on what he said on this thread and has results? Its a looooong thread, so maybe, against all odds, they are good!

 

Thank you, Saltynuts.

 

NASDAQ Wave IIc] followed Wave IIb] as expected. Wave II may be an Irregular Correction or a Running Correction.
INDU Wave II can be a Triangle if there is no new low.
INDU Wave IIa]1)3.4 may rebound from 23,100 - 23,000 and look like a trap.