05/21/2011 Many people ask me which color my preferred count is. Now I start labeling that again but with an easier way. The purple line is my preferred count. The wave in gray is the alternative count. Since things change all the time, current view does not reflect the actual view in the week to come. Comments are welcome!
06/29/2011 Comments are welcome! Case-1: C D [[D]].[C].E 1 2 3 4 5 ... to resume the bearish move Case-2: C D [[D]].[C].E A(abc) B(abc) C ... to form the R shoulder of a huge H&S top Case-3: C D(abc x abc) [[D]].[C].E(12345) ... to peak at around 1386
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)