Long term chart patterns: Is 8 years enough correction for a 26 years bull market? Is 1 year enough correction for a 33 years bull market? If yes we are going on for another 30 years bull market in Supercycle Wave V]V). If not sHs, M, and Z pattern may materialize.
Slow motion turn around :eek: . RSI and MACD are cutting trigger lines DOWN. The red lines are for SELL Signals.
Ew Dutch AEX 2004-2011 The corrective wave ABC should be finished. This means te next wave should be an impulse wave... The diverence in count between the SnP and the AEX is minimal. Gr
Exactly! And Prechter and Steve Hochberg have had their head in the sand thinking that a 200 year Bull Market (and the industrial revolution) was coming to an end. That is why they missed the Wave 4 low at 667.... which just happened to be a a very simple Fib relationship (61%) drop from the 1982-2007 market.
spy wave count ........................... my take is this ...... the wave marked ( green 3 ) ... is only the first wave of wave 3 in other words i think we are in the third wave of the third wave... the longest and strongest also .... we should have at least an equal move up .... equal to the entire move from 666 lows... which will put us above the old highs meaning we should hit at least 1360 on this wave alone which is a minor degree wave