Stock Market Analysis With The Elliott Wave Principle -Dow Jones, S&P 500, Russell 2000, Nasdaq and FX. All charts and commentary on this site are strictly the opinions of the author(s) and are for recreational purposes only. In no way should this be construed as trading advice or a recommendation for investing. See disclaimer at the bottom of the page.
Sunday, September 26, 2010
GRAND SUPERCYCLE 4 COMPLETE- A NEW BULL MARKET?
I have posted the top chart before and I have previously posted this count about a year ago or so.
So why can't the Mar 09 low be counted as the end of a Grand Supercycle wave 4? That structure since 2000 looks like a textbook flat. Cycle Wave C extends just beyond Cycle A and at a very acceptable Fib extension.
This is a figure from Elliot Wave International on flats. Click here for an explanation.
Just something to think about.