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Non-Tech : Kirk's Market Thoughts
COHR 147.91-5.6%10:35 AM EST

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To: Kirk © who wrote (19922)8/18/2024 10:52:12 AM
From: #Breeze5 Recommendations

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Goldilocks
Kirk ©
Raimiar Civic
robert b furman
toccodolce

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Kirk, here's a SPX Grand Supercycle Wave Count. I color coded in red the Grand Supercycles. Grand Supercycle (circle) V started after the 2009 low. Grand Supercycle (circle) V will have five Supercycles: (I), (II), (III), (IV) and (V). It's about the complete the first one. Then four more to go past all of our lifetimes.

I noted the times when an expanded ABC wave four occurred.

If this Wave Count is correct a Supercycle (I) of Grand Supercycle (circle) V is headed to completion. Note the higher highs and higher lows since the 1932 low.

Prechter's Grand Supercyle Wave Count differs as he used proxy prices for the Dow that go back to the year 1700. For the Dow and SPX I wave counted the prices that Trading View provided that start in the year 1871.

I spent much time ensuring that this GSC wave count and the one I have for the DOW complied with EW rules.

tradingview.com
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