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Re: trader53 post# 208384

Thursday, 05/07/2020 1:09:13 AM

Thursday, May 07, 2020 1:09:13 AM

Post# of 244620
1930 - 2020 - Bear Market Comparisons


Buy after an Elliott Wave 5-Wave Decline



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The Elliott Wave 5-Waves Sequence

A Basic "A,B,C Corrective Wave"


https://www.metatrader5.com/en/terminal/help/objects/elliott/elliott_theory


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Elliott Wave Basics
http://www.acrotec.com/ewt.htm

Elliott Wave Theory
http://ta.mql4.com/elliott_wave_theory

Buy after an Elliott Wave,
5-Wave decline sequence !


A Basic "A,B,C Corrective Wave"

Buy, ONLY when the stocks price,
is trading under the Blue 8-day M.A.
when the Blue 8-day M.A. is under the Red 34-day M.A.


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The above weekly chart shows
that the stock market
does not go down in a straight smooth line
but that the downward journey through a bear market
is actually quite a bumpy ride.


The 1930-1931 Bear Market

which started in October 1929
lasted for nearly three years
and the Dow Industrial Average
dropped a whopping 90%
before bottoming out.


This bear market
was the start of the economic woes
that became known as
the 1930s Great Depression
which ultimately lead to World War II.






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https://www.stockscores.com/charts/charts/?ticker=%24DOWI








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