This is a totally incorrect count, we had wave 3 starting in 2009
Brizzy64
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Wasn't the SP created in 1970? This chart going back is not accurate. Try charting the waves starting in the 1980's
Rosanaezano
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this is not right...
DaddySawbucks
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Nonlinear depiction greatly exaggerates historical price changes, note how the giant mountain in 1929 appears ten times size of current price;
but the whole hill was only 10 pips! Linear depiction would show price before 1970 as near flatline with no distinguishable features.
Nonetheless, you may be correct, a massive selloff would put us back at the lower TL around 2k...
Dr_Roboto
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How did you get all those years to display so nicely? Is it log?
DaddySawbucks
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@Dr_Roboto, See my comment, yes log not linear, disproportionate but idea is still valid IMO