The emphases will be on short term to long term Index trends.
Note the Bull/Bear Logo will change with Cycle Trend changes.
This is not a perma bear or perma bull board.
The odds are extremely high that the fifth wave extension up of Intermediate
Wave (5) of [5] of V of (I) failed, and a major Super Cycle (II) correction is underway.
Super Cycle (I) began at 666.75 in 2009 and ended at 4818.62.
This market correction will be Super Cycle (II) with a target of 2200.
As always, there will be opportunities to play up and down moves in the market.
We should see a temporary bounce fairly soon. Note that I said temporary.
A bearish mind set will be necessary to take full advantage of this rare opportunity.
The rest of 2022 will be the perma bull's worst nightmare.
*Elliott Wave is the preferred system of TA. All others may be discussed, however.
You are free to disagree with the moderator on this issue but please do it somewhere else.
That aside, your comments and questions are welcome.
Part one of " Elliott Wave Principal" elliottwave.com
Contact my service: indexinsight.com - Simply the best Elliott Wave analysis on the planet.
Warning: This is a stock market board and attacks and bashing of any kind will be dealt with immediately.. |
