AHPI looks to have formed a falling wedge/triangle that is a triple zigzag and looks complete. We should be expecting a big rally along with other CV stocks when the market crashes coming up very soon.
3 down 3 up 3 down, and now 5 up. Could be a flat is finishing to complete wave 1 or B. If so, we will crash soon. I don't expect something like March, but it's best to watch and wait.
A was a leading diagonal, and we are in the B wave, this can go on for another week. Be patient! We are going to have a huge C wave drop soon!
After a lot of back and forth, there is good probability we completed a set of 5 waves that began from 1932 after the Great Depression. This completed in Oct of 2018. However, this does not mean we crash right away and there is still alot of money to be made on bull side. We are in alot of corrective waves and will bounce off long term channels then crash later...
bull market was done in Oct of 2018. Everything else afterwards is corrective waves.
Looks bearish. I think we get to ~1.3 by November or December of Next year.
I like this count, it is a classic EW theory count. Really straightforward. THe waves are clearly depicted almost anyone can label them like I did. This is much harder to see in the other indices like SPX and Nasdaq.
CV stocks are following the inverse of SPX but may be off by a day or two. THis chart shows AHPI and APT following very closely to inverse of SPX, especially AHPI. If I'm correct when SPX crashes in a few weeks, CV stocks should rally.
A 12 Year Cycle for Volatility Cycle is identified here. I extrapolated the VIX cycle over the past 100+ years for DJI and as you can see the 12 year cycle has been working for the past 100+ years. Volatility peaks in the first half of the cycle as volatility rises from it's trough. This has worked for many of the previous crashes including 1929, 1987, 2008. Note...
Here is a possible wave count that make sense. Looking for a top at the end of the year with this count.
This is as good as any wave count of DJT. As you can see the 5th wave is extended, and in the 5th wave, the iiird wave is the extended one. If we go by having completed wave iv of 5 just now then we should have one more rally to complete wave v of 5. The DJT is the best index to count waves imo. I'm looking for the VIX to rally with CV stocks but this hasn't...
After backtesting pitchfork projections with other markets that had the same pattern I got this pitchfork projection. This will be a long slow grind to 40+ if I am correct. the vertical lines are time bars where I am expecting highs.
The entire correction from Jan/Feb of this year is very complex and you can easily be lost. I have a target of 2630 based on harmonic extensions but how do we get there? The answer is based off of EW theory. The best count for this complex correction is a double zigzag. We completed the WX and now will finish with the Y. The W was a zigzag, the X was an expanded...
5 waves, most likely an expanded leading diagonal. This is not a pullback you want to buy imo.