Everyone is talking about an ED . This may be Mup's Ed's Elovermer's ED . Bear Market, if you like it, now get it . The red lines may be SELL Signals. RSI cut 70% line DOWN. MACD cut trigger line DOWN. Volume DOWN.
Wave degree correction :eek: . from THE MAJOR WORKS OF R.N. ELLIOTT by Robert R. Prechter, Jr. 1980 and 1990 <table border=1> <tr><td>Degree of Movement </td><td>Symbol and Wave No. Duration</td></tr> <tr><td>Grand Super Cycle:</td><td> gsc I ..................................1857-1928</td></tr><tr><td>Super Cycle</td><td> sc I......................................1857-1864 sc II.....................................1864-1877 sc III...................................1877-1881 sc IV....................................1881-1896 sc V.....................................1896-1928 </td></tr><tr><td>Cycle</td><td> c I..........................................1896-1899 c II.........................................1899-1907 c III.......................................1907-1909 c IV........................................1909-1921 c V.........................................1921-1928 </td></tr><tr><td>Primary</td><td> ((I)).................June, 1921-Mar., 1923 ((II))................Mar., 1923-May, 1924 ((III))...............May, 1924-Nov., 1925 ((IV))...............Nov., 1925-Mar., 1926 ((V)).................Mar., 1926-Nov., 1928 </td></tr></table>
<table border=1> <tr><td>Degree of Movement </td><td>Symbol and Wave No. </td><td> Duration</td></tr> <tr><td>Sub-epochal:</td><td> S-e ONE] S-e TWO] S-e THREE] S-e FOUR] S-e FIVE]</td><td> 6000000 - 1000000 years ago 1000000 - 500000 years ago 500000 - 100000 years ago 100000 - 30000 years ago 30000 years ago - present </td></tr><tr><td>Era</td><td> Era ONE) Era TWO) Era THREE) Era FOUR) Era FIVE)</td><td> 30000 - 13000 years ago 13000 - 11000 years ago 11000 - 3000 B.C. 3000 - 2000 B.C. 2000 B.C. - present </td></tr><tr><td>Millennium</td><td> Mil ONE Mil TWO Mil THREE Mil FOUR Mil FIVE</td><td> 2000 - 1000 B.C. 1000 - 594 B.C 594 B.C. - 476 A.D. 476 - 1000 A.D. 1000 - 2012 A.D. </td></tr><tr><td>Centenary</td><td> Cen I}=300 Cen II}=100 Cen III}=300 Cen IV}=83 Cen V}=229 or Cen V}=300</td><td> 1000 - 1300 A.D. 1300 - 1400 A.D. 1400 - 1700 A.D. 1700 - 1783 A.D. 1783 - 2012 A.D. or 1783 - 2083 A.D. </td></tr><tr><td>Grand Super Cycle</td><td> gsc I] gsc II] gsc III] gsc IV] gsc V] or gsc IV] or gsc V]</td><td> 1783 â 1835 = 52 1835 â 1857 = 22 1857 â 1929 = 72 1929 â 1942 = 13 1942 - 2012 = 70 or 1929 - 1949 = 20 or 1949 - 2019 = 70 </td></tr></table> If Grand Super Cycle wave V] is 70 years long, it will end in 2012 as Elliott predicted. Only 3 years left to enjoy the Market :eek: .
The Ancient Egypt civilization was brought down by the sea people and the socalled Greek Dark Age lasted about 500 years. The Roman civilization was brought down by the barbarian from the north and Europe Dark Age lasted about 500 years. The European-American civilization may be brought down by the terrorists and may last about 500 years to the year 2500 A.D. Quite an awesome Bear Market everybody is waiting for .
Five small waves UP . There may be another five small waves UP to 1051 . If there is the third 5-waves UP, this can be the beginning of Wave 3)3.v or c)5 to 1021 .
Measured move reached as expected . And we reach the point of uncertainty again . Wait for wave four and wave five before we can make another prediction . Sep 28 9:44am â Change %Change Level Dow +60.99 +0.63% 9,726.18 NASDAQ +19.58 +0.94% 2,110.50 S&P +7.86 +0.75% 1,052.24 http://money.cnn.com/data/markets/index.html
Someone is talking about new Bull Market because we are entering Wave 3)3.3:3 , which may push SPX to 1085 . Note: Be-aware of the red lines as usual :eek: . The end of the manic depressive market The Dow suffered its biggest point drop ever a year ago -- but also its biggest point gain. Now, stocks are rallying in an orderly fashion. Thank heavens for that. http://money.cnn.com/2009/09/28/markets/thebuzz/index.htm