Nasdaq Bull Market Over? Near perfect symmetry says so
No one will read this which is a shame as the Super Cycle wave relationships are as close to perfect as possible; meeting all of the Elliott Wave Theory standard fib relationship criteria. Everyone is calling a top soon, but I don't think they fully understand the length of correction we're likely entering.
After today's price action, super cycle wave 5 is now 1.6178x the length of Wave 1 (if you don't know why this is important/significant, you should research to find out -- it'll blow your mind). Wave 3 still remains at 1.6883 of wave 1. Initial retrace target of wave 2 is to the 0.382 fib retracement at 9195.83. If this level breaks, then we are open to hit 5705.10 (this might be getting a little ahead of ourselves, but fib levels are well respected in this market). This full 5 wave super cycle was ~2440 weeks, so a compromise on fibonnaci time (0.382) proportionality means it may be 932 weeks until we see an end to wave 2.
This almost seems ridiculous to talk about and project like this, but all cycles on all time frame are always a fractal part of a larger set and I contend we've completed a Grand Duper Cycle Wave 1, comprised of five Super Cycle waves. There is an extensive amount of fib confluence over head from today's highs and I'm betting we don't go any higher than 15,300 before a prolonged market collapse with INITIAL TARGETS of nearly 40% from the highs.
Here are my super cycle begin/end points for each of the 5 waves.
Wave Date Hi/Low Amount
Beg 3---Oct-74. 54.87
Wave 1--- 10-Mar-00 5132.52
Wave 2 ---9-Mar-09 1265.62
Wave 3--- 19-Feb-20 9838.37
Wave 4 ---23-Mar-20 6631.42
Wave 5 ---23-Jul-21 14846.06
I'm not used to really sharing this with people as I usually fade into the back ground, but I'm happy to put this little bit together for you. I'd love to hear yours too.
After today's price action, super cycle wave 5 is now 1.6178x the length of Wave 1 (if you don't know why this is important/significant, you should research to find out -- it'll blow your mind). Wave 3 still remains at 1.6883 of wave 1. Initial retrace target of wave 2 is to the 0.382 fib retracement at 9195.83. If this level breaks, then we are open to hit 5705.10 (this might be getting a little ahead of ourselves, but fib levels are well respected in this market). This full 5 wave super cycle was ~2440 weeks, so a compromise on fibonnaci time (0.382) proportionality means it may be 932 weeks until we see an end to wave 2.
This almost seems ridiculous to talk about and project like this, but all cycles on all time frame are always a fractal part of a larger set and I contend we've completed a Grand Duper Cycle Wave 1, comprised of five Super Cycle waves. There is an extensive amount of fib confluence over head from today's highs and I'm betting we don't go any higher than 15,300 before a prolonged market collapse with INITIAL TARGETS of nearly 40% from the highs.
Here are my super cycle begin/end points for each of the 5 waves.
Wave Date Hi/Low Amount
Beg 3---Oct-74. 54.87
Wave 1--- 10-Mar-00 5132.52
Wave 2 ---9-Mar-09 1265.62
Wave 3--- 19-Feb-20 9838.37
Wave 4 ---23-Mar-20 6631.42
Wave 5 ---23-Jul-21 14846.06
I'm not used to really sharing this with people as I usually fade into the back ground, but I'm happy to put this little bit together for you. I'd love to hear yours too.
