AI
Friday, May 16, 2014 8:57:14 AM
The first chart shows my primary or most favored LT count.
This is the fourth secular bear market since 1871. It began in March of 2000. It consist of an expanded flat wave (a) (consisting of a cyclical bear, a cyclical bull and a cyclical bear). It has been followed by a zig zag wave (b) (consisting of a cyclical bull). We have probably completed wave (b). We are probably in an impulse wave (c) (cyclical bear) that will end the secular bear market. The secular bear market is in itself an expanded flat.
The second chart shows my alternate and less favored LT count.
Here the secular bear market of 2000 ended with the completion of the expanded flat at 666. This puts us in a secular bull market that will continue for many years.
Note that on both charts we are due a move down to 1650-1680. It will be at that point one count will be invalidated.
This is the fourth secular bear market since 1871. It began in March of 2000. It consist of an expanded flat wave (a) (consisting of a cyclical bear, a cyclical bull and a cyclical bear). It has been followed by a zig zag wave (b) (consisting of a cyclical bull). We have probably completed wave (b). We are probably in an impulse wave (c) (cyclical bear) that will end the secular bear market. The secular bear market is in itself an expanded flat.
The second chart shows my alternate and less favored LT count.
Here the secular bear market of 2000 ended with the completion of the expanded flat at 666. This puts us in a secular bull market that will continue for many years.
Note that on both charts we are due a move down to 1650-1680. It will be at that point one count will be invalidated.
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