Sunday, May 21, 2017 9:02:23 PM
the S+P rally wave from the bottom.....
just because the 2008 crash was sent to a bottom that stopped around 654 (not "666")
doesn't mean it represents the energetic Bottom, in mathematic and technical terms, and when you draw a chart from the Support Bottom at 1074 (I remember it as 1060,but I could be wrong....) the chart draws a fully connecting Fibonacci picture, that looks more real to me. Its as if youre saying, the crash hits a bottom at 650 but the reset after that is where the real rally/recovery begins, and the next 8 years confirms that with the mathematic targets fitting the geometric shape,it looks like what I want to see in a correct Fibonacci technical chart pattern...so maybe we can call the Bottom, at 1074, and draw the chart from there. When you do, it shows this picture of Fib arcs and Elliott wave structure looks like the last 2 years was a wave 4 ,'sideways' (2134-1810) and now we are seeing the Wave 5 rally to the 2 major targets that complete the pattern, at 2600 area to 2800 area..... 2650/ area and 2800 area. something in this zone, and maybe to end 2017 with a bang and a huge pressure for a pullback/collapse in 2018..... IF we see a completed 5 wave rally to end 2017 at this 2650-2800 area, and we begin a deep retrace ,as a wave 2,or wave B, some kind of grand wave pullback, the target Fibonacci retrace zone is 2100-2000-1900,1730, see the diferent fib retrace levels.
There is also a pattern possible that this whole rally portion since the 1074 bottom in 2011, is a "wave 3" ,to target 2600-2800 and then in 2018-2020 time frame we see a shallow sideways slide for a few years, from 2800-2100, no Crash, just a stabilized slide,instead of a Crash down to retest 1000 again.
what would craft that Elliott count would be to Call the 650 Bottom a real bottom, then you start there, count the first wave to the 1370 peak,followed by the pullback to 1074, as wave 2, then the next 6 years becomes wave 3 to the present, and still unfinished,this wave 3, that has a target zone 2600-2800
just because the 2008 crash was sent to a bottom that stopped around 654 (not "666")
doesn't mean it represents the energetic Bottom, in mathematic and technical terms, and when you draw a chart from the Support Bottom at 1074 (I remember it as 1060,but I could be wrong....) the chart draws a fully connecting Fibonacci picture, that looks more real to me. Its as if youre saying, the crash hits a bottom at 650 but the reset after that is where the real rally/recovery begins, and the next 8 years confirms that with the mathematic targets fitting the geometric shape,it looks like what I want to see in a correct Fibonacci technical chart pattern...so maybe we can call the Bottom, at 1074, and draw the chart from there. When you do, it shows this picture of Fib arcs and Elliott wave structure looks like the last 2 years was a wave 4 ,'sideways' (2134-1810) and now we are seeing the Wave 5 rally to the 2 major targets that complete the pattern, at 2600 area to 2800 area..... 2650/ area and 2800 area. something in this zone, and maybe to end 2017 with a bang and a huge pressure for a pullback/collapse in 2018..... IF we see a completed 5 wave rally to end 2017 at this 2650-2800 area, and we begin a deep retrace ,as a wave 2,or wave B, some kind of grand wave pullback, the target Fibonacci retrace zone is 2100-2000-1900,1730, see the diferent fib retrace levels.
There is also a pattern possible that this whole rally portion since the 1074 bottom in 2011, is a "wave 3" ,to target 2600-2800 and then in 2018-2020 time frame we see a shallow sideways slide for a few years, from 2800-2100, no Crash, just a stabilized slide,instead of a Crash down to retest 1000 again.
what would craft that Elliott count would be to Call the 650 Bottom a real bottom, then you start there, count the first wave to the 1370 peak,followed by the pullback to 1074, as wave 2, then the next 6 years becomes wave 3 to the present, and still unfinished,this wave 3, that has a target zone 2600-2800
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