T/A ETF AND INDEX

[POKERSAM]

Being neither a mindless permabull (watch the sky at the top in 2000 and 2007) or a permabear (the world is ending any day) but rather being an unbiased Technical Elliottician I have recognized that 666 was the end of the 2000 secular bear market OR it was the A wave of a flat with a cyclical bull and bear to go. Those two possibilities existed to the current market situation. I have presented both options on numerous occasions. It now appears clear that the 2000 secular bear market ended at 666. It is now my opinion that the cyclical bull market that began at 666 has much further to go before any appreciable long term correction. This is the first cyclical bull market within a secular bull market. This secular bull market will consist of three cyclical bulls and two cyclical bears. IMO we are in Intermediate wave (5) of Primary wave [3] of Cycle wave III of Super Cycle wave one.
The advance from 1010 is too long to be a C wave of an ABC and therefore must be counted as a third wave. It is seldom that a C wave will be longer than 140% of the A wave. If a C wave extends very far past 1.618 times A it must be assumed it is part of an impulse. This wave from 666 being an impulse leaves little doubt the secular bear market of Grand Super Cycle wave [IV] ended at 666.
Until now it made little difference because the waves were five up and three down regardless. The existence of these two LT possibilities has had no real effect on my trading nor will the elimination of one of them. It is of little importance to the short term trader. Just keep counting the short term moves as in the past and all will be well in the brokerage account.


Note in the chart below the Grand Super Cycle wave [IV] consisted of two cyclical bear markets and one cyclical bull market. It was a flat with sub waves of 3-3-5.
IMO we are now in Grand Super Cycle wave [V] which should last long past my time of caring any longer.heh heh