DowDeva, I dunno, frankly.
Looking at the chart from '94 to date it's interesting picture....
What was formation from 2000 through 2009 for example. Was that an expanded flat correction, down to 2003 then up to new high in 2007 and then back down to the 2009 low.....or was that a extension to the original run up to 2000 tech bubble blowup?
I am sure there are many opinions on that for sure.
Then, what has happened since 2009....I can see a count that would have us somewhere in wave five which I have seen any number of times already, but it sure is acting like we get another high here....we have to have another high before the first interest rate hike, right? I am amazed that everyone thinks only in terms of September or December for that increase. What if the Fed decides July or August might be the right time.....there are no rules as to when they could do it.....only all the hypothetical opinions which seem to think only after a meeting with a news conference scheduled for example. Surprises happen, or is that S..t happens.
So again, I dunno the count. I have been violating the law of not fighting the FED and I am unable to see a count that isn't one driven by a bias(making it useless), or at least it seems that way.
I have been leaning toward a count with an ED being in process of being completed to end this larger wave up, but ED counts have been misleading and unreliable of late. Perhaps after it finally happens we might be able to look at the charts and see how it happened...
Are there any volunteers for moderator or assistant moderators of this board?
Chuck
No chart links currently.
