DJI long term Elliot count

Here is one of the likely cases for the DJI long term count, there is certainly a case to be made that we have a 123 wave in on the cycle degree, but you could potentially call it a 12 12 just as easily, and if you think we will truly experience exponential growth into the future that must be considered, in fact I find it just as likely as finishing a 3rd, and expect a correction that is sharp as a 2 would typically be(IE 1929, 1987). Time will tell and we will get clues over the next year but a large correction seems inevitable here and the global narrative is fitting.

Yorum:

Of note in the chart is the confluence near the top of the 4 wave of the 2000s and the .5 retrace, not only from the great depression low but also the 70s low, that will be a major point of support IMO