Tops of all crashes since 1987 have all topped at fibonachi time ratios. The next one is not until the end of 2019 so 2018 will be another good year to be bullish on the DOW. the main risk will be the 27000 resistance so you could take profit there and waiting for a breakout before buying up again (see another chart on my account for bearish view from 27000). The clone also seems to line up very nicely on the chart and obeys the time and price fib levels, use it as a guide. The elliott wave count suggests that this is the final wave, but since waves 1 and 3 were not extended then wave 5 should be extended. The final take profit will be at around 50,000 (probably sooner) but that will not happen for a few years. Keep buying pullbacks and adding to your position until you are driving a Lamborghini on the moon... and be aware that this could crash big when it does end because we are buying into a bubble, so be careful.
50,000 were do you even come up with that?
Your 27,000 call give or take a 1000 points might be about where she lands.
But please explain your 50000 point call.
Thank You
JamesRkaye
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@ecramer, Hi, the 50,000 is referring to the 52444 on the chart, it is a fib resistance level. The 1987 and 2008 crashes had their tops and bottoms related to these ratios. The closest one is 27,000 however since we have had an Elliott wave 1 and 3 of similar size we should assume that wave 5 will be extended, also price action is very similar to the period between 1987 and 2000 so far so that is another reason to expect it to break the 27000. Also the fib time ratio isn't expecting a top for a few more years.
Your 27,000 call give or take a 1000 points might be about where she lands.
But please explain your 50000 point call.
Thank You