Dec 21, 2009
Dec 20, 2009
Here is an accurately proportioned chart of the Great Depression with some crude wave labeling. I have placed on the chart where I think we may be currently. There are 2 options depending on the size and degree of the current depression. Well actually, there are 3, this could be the end of B.
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.