To continuing, we may be in a 4th Elliot wave
In this Daily chart you can see how all the down waves could be simply an A-B-C correction before going higher....
But if they roll this over into a Bear market, an excellent place to risk a short with a catastrophic stop.
But if they roll this over into a Bear market, an excellent place to risk a short with a catastrophic stop.
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It is mind boggling that people keep buying when GDP is half what it was in 2000 or 2007. GOOG at $1273~ /share and Amazon at $2275~ / share. In 2003 you could buy INTL, CSCO, MSFT etc for $20 or less.. Even with the entire economy shutdown prices keep going up. This is my opinion about prices...
Back to Elliot Waves, if Wave 4 the current counter trend wave, crosses wave 2 the entire 5 waves down pattern is invalidated, and they keep going higher, in spite of there being no reason to do so.
The crooks who own Wall Street can keep manipulating the Markets as long as they want.