It will be interesting to see if the market can make it back up to that long term trend line. Or does this look more like the year 2000 were we take a long time to make it back up that trend line. I love how you can manipulate data that can fit anything you want it too. I used Logarithmic and 3 month candles to come up with this.. If you look closly you can see a small overthrow line for wave 3 at the peak of 2000. If this is correct Wave 5 that ended back in 2021 would make it a much shorter length then the previous ones. The only rule is that wave 3 is not the shortest wave. By this chart Wave 3 was the biggest and longest.
Plus The Wilshire 5000 to GDP is around 157% which suggest a stock market bubble that has lasted for the last 5 years or so.
Plus The rule of 20 suggest the market is overvalued as well.
All thoughts are welcome
This is just silly fun
Thank You
Plus The Wilshire 5000 to GDP is around 157% which suggest a stock market bubble that has lasted for the last 5 years or so.
Plus The rule of 20 suggest the market is overvalued as well.
All thoughts are welcome
This is just silly fun
Thank You
Comment:
The only thing would be is that Wave 5 lasted only 12.5 years. Vs Wave 3 lasted about 18 years.