This correction has been very complex and frustrating to time. I think we are making a triangle like structure or triple correction to finish the B wave which I forecast will top the week of the 23rd, after that we should start heading down to 2300. I think the last 2 months has destroyed bearish sentiment and made the market look unbeatable but that is exactly...
The rally from the 09' lows looks like a giant corrective wave fueled by QE. We live in interesting times. There will be a huge crash coming up imo causing massive deflation. If you think everything is expensive what a few more years.
I had a previous post with an ED, this is actually the correct count. We are only in 3 of the ED, so still some ways to go. Should complete in the next 1-2 weeks. Will end up being an excellent short opportunity.
Getting ready to go short some time next week around Fed day. This correction back from last year is taking way longer than I anticipated.
If you've been following my ideas you would know I've had many long term DJIA EW counts. After countless revisions, I think this is the best count. Things are only going to get uglier before they get better. I think we will test 08' lows during the next crash/recession this will be followed by QE infinity and crazy upside to stocks, I have no idea what will happen...
This is about to top soon, possibly end of week or early next week.
It's hard to go against this count, even though we've been in a rally since 08'. This may just be a B wave.
There is strong evidence we are at the top of the market, and this fall there is going be a huge drop!
Contrary to popular belief I don't believe triangles form as sole waves by themselves but are a collection of 3rd and 4th waves of different degrees as demonstrated. It's a nice pattern to pick up because it has a predictable pattern.
This move off the May 31st lows is very powerful and I don't think it's still correction of our W wave but the start of the Y wave. The correction for the W wave, is the X that ended on May 31st. Given the length of this correction from last September, this is most likely a primary wave 4 we are in (or 4th wave correction since rally from 08' lows). We are in Y of...
Today was very informational, the fat that we got new ATH made me have to change my long-term count. Instead of a regular flat we are making an expanded flat and we are still in B of the flat. I think we will hit target of 3000+.