We have two very long term support-resistance lines and a third form 1998 that come together now. I counted out my view of EWTs 5 waves up. The 444 and the 44 waves are triangle consolidations as often occurs. Then I was surprised to see that the percent rise from 000 to 333 was almost identical to the rise from 444 to now. We have long term divergences in the on the monthly, weekly and . We should know in few months if all
of this has any merit. Take care. Have a good week ahead.
I did read abit on EW but i just couldnt understand much.
So i have to depend on EW posts to see whether it is useful :-)
Perhaps do you mind doing an EW count on quarterly chart?
the most suitable will be doing the wave counts with quarterly chart starting from the major indices :-), hope it is not hard
2. DJIA (DOWI in TV)
3. DJTA (DOWT in TV)
4. DJU (DOWU in TV)
5. RUT (IUX in TV)
6. COMP (NASX in TV)
Unfortunately, whilshire 5000 is not found here
Hope i am not asking a lot :-)
Looking at Major lows to lows, the next major highs to highs looking left of the chart is similar in time. The previous major lows to lows was year 1974 to year 2009 that took 411 months to complete. The next major highs to highs year 2007 + 411 months = year 2042 to end supercycle 5. Although the current cycle 1 when complete should give the biggest correction since the year 2008 crash. When cycle 2 completes? That's if my bs is correct? Cycle 3 of SC5 should offer a nice entry similar to the years 1950's and 1990's
Also I have no idea how made this chart?? When I try to chart the S&P 500 I get the SPX with data that goes back to 1981. This is really cool. Sometime if you have a few minutes maybe you could show me? Have a great week.