Cycles are a tool and should not be used to the exclusion of other tools. There is always the possibility (high probability long term) that the data will be misinterpreted or a relevant fact over looked. So use cycles to check your analysis, not as the only reason to make a decision. Interpretation is the opinion of the author and may be incorrect and should be viewed in that light.
The majority of the correction is over. There maybe one or two more retracement down days (SPX will not go below 3,200) this week or the next and off to the races till summer - say September where we will have a much bigger correction. This is the final 5th Elliott wave - exuberance phase. DOW can go to 34,000 to 35,000 by 1st quarter of 2021 or even higher.
Do you expect a major decline?
ReplyDeleteA crash?
A correction (20% down) seems likely
ReplyDeleteThank you for the much needed update.
ReplyDeleteNo way will the markets go down by 20%. The correction will be done this week or the next.
ReplyDeleteAre you saying down as of mid February?
ReplyDeleteOr deepest point at mid February?
The majority of the correction is over. There maybe one or two more retracement down days (SPX will not go below 3,200) this week or the next and off to the races till summer - say September where we will have a much bigger correction. This is the final 5th Elliott wave - exuberance phase. DOW can go to 34,000 to 35,000 by 1st quarter of 2021 or even higher.
ReplyDeleteMaybe, maybe not
DeleteSuren 'reply' is written as an absolute.
ReplyDelete63% of the Trump Presidency 02042020.
Percent Gain & Loss from 01222018 ‘2 year trading range’.
01222018 high point:
VALUG –4.7%
NYA +3.6%
SPX +15.4%
INDU +8.5%
TRANS –1.0%
GDOW –1.1%
RUT +5.5% -2.0% from its all time high
NAS +24.6%
The Trump Presidency is today 1170 days as of 01172020.
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