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Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?

To: robert b furman who wrote (52042)	1/5/2016 1:46:55 PM
From: John Pitera	Respond to of 67677

Hi Bob In a very long term look - may well be finishing up wave 5 of the first zig (due a corrective abc up???) it looks like your wave IV is overlapping the wave II in the second chart..... which would invalidate the count....I hope to get a bit of time to cobble together an annotated long term crude chart that I can post for everyone's consideration. John

To: robert b furman who wrote (52042)	1/5/2016 11:30:20 PM
From: John Pitera	1 Recommendation Recommended By Return to Sender Respond to of 67677

Hi Bob, My Big picture Elliott wave count on Crude. The 20 year monthly Chart illustrates the Elliott wave Super Cycle Bull Market the began on Dec 21 1998 at $ 10.65 and topped out at $148 on July 2nd of 2008. The chart illustrates the fairly straight forward A-B-C corrective process that has been in place after the 10 year bull market.... at the end of such a huge Bear Market in Crude it is as tricky to catch the bottom as it is to determine exactly where a parabolic, exponentially rising market will top out. John This Monthly chart has the Elliott wave labeling of the Super Cycle and illustrates the Fibonacci price projections for the bottom .