In my opinion, this index has been going in uptrend since after great depression in 1930 ends.
Economic historian attributed the start of the Great Depression to the sudden devastating collapse of US markets, and afterwards there been a great debate among analysts to conclude the cause of such depression. Whether its due to reduction in investment spending or fall of money supply, we cannot rule out First WW consequences that put great impact on Europe then US.
Now this index is near to complete last green wave v, which is expected to finish in coming months around 21-22000 where we will see long term top of the index. Completing this this green wave 5 will also end red wave 5 and Blue wave III . Now question is that "Will blue wave IV" is an indicator of another great depression ???
Is end of Blue wave III indicate another great depression near to start in Blue wave IV. If it is the case then the ideal target for blue wave IV will be 450 in coming decade. Remember this time not world war happened but spent trillions of borrowed US$ on Iraq, Afghan and Middle East wars are, surefire steps to another great DEPRESSION.