The Metrics and Rules of my Trading guidelines are Fibbonachi Sequenced based.
They are Not Elliott Wave.
Bob Prechter, I have met, knew - we used to have immense disagreements over the Price of Gold up into the early 2000s, when it became clear his $50 target would never be met.
Bob was part of the Club, I never trusted him.
I do, admire the work and advancement of his Theory by those that picked it up and began to use it as a tool for Pattern Analysis.
It was derived from Nature, the Natural order.
I adhere to this as well, the Natural Order. My "System" is based on the Rules of Natural Orders, however unnatural they may become.
I was mentored by a gentleman by the name of John Jetter iV @ Drexel. It was his introduction to Techincal Trading that began my studies in 1985 with basic on an IBM.
When IBM token-ring local area networks were introduced that year, we instituted them for all analysts and support staff.
All IBM AT's were ringed. If I remember correctly, my HDD was 20Mb. RAM 512K on the first AT I used. Floppy was 1.2Mb and CDs were being introduced for Read Only.
Ancient times, but to us, it was complete amazement and a New World.
The Monthly Chart above, I have followed closely from the Lost 2 Decades of non-performance until Ronald Regan broke the $1 Trillion barrier of Debt.
It is the largest Structure we have dating back a very long time. 1996/1997 were the formative years under William Jefferson Clinton when arrangements began to change.
Nostalgic…. My first ever computer was a used AT with better specs than yours - 1 mb Ram and 50mb hdd with dos 3.5. 6 yrs later my dad gave me a Pentium 100 - after seeing me hanging out too much at friends who owned computers.