Dec 20, 2009

2012 - A New Beginning

The mayan calendar ends in 2012. Many take this to be the end of the world. But actual translation is for a "A New Beginning".  This chart shows what I think other Elliot Wave Theorists are missing. The waves  A, B, and C are normally of similar length timewise, provided the trajectory is of a similar angle.  On this chart, I have made the 3 boxes equal, but more than likely B will be drawn out longer and C will be shorter, due to their nature as well as the effects of the excessive government stimulus and liquidity being pumped into the system causing B to drag out longer than it normally would. The C wave is usually a more powerful wave and should take a sharper trajectory downward, but it doesn't have to, so I put the average scenario on the chart. This also plays into my 10-15%  market correction with a run to 1230 on the S&P before it plummets to the area between 120 and 400. UPDATE 12/21: based on current action there should be at least a 15% correction if not more. This correction COULD be the end of the B wave as well.



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