It is a super long-term forecast, which will look amazingly perfect for Elliott waver (I hope) but depressing for everybody. Looking at DJI chart from 1932 year (bottom of the Great Depression crash), you may find that it developed in perfect 5 waves till 1987, when market crashed extremely sharp (still the records are not beaten). From EV perspective the top of 1987 was a perfect target for 55 years previous advance, i.e. the orange (cycle) wave V would be placed there. But instead of correcting that 55 years bull trend the market decided to extend wave 5 and build two more legs up.
What the waves are telling us that next 10-20 years will be devastating for US. The bad fate of Japan have come to US too. The world is going to transform significantly next 10 years. The strategy of leaving a super invested into US stock market in hope it to recover is absolutely stupid, it will not recover next 20 years - there is no chance for this to happen.
- Extended (orange) wave V equals to the length of previous I-III waves.
- Green wave 5 equals to wave 1.
- Perfect proportions between first and third waves
- Very balances corrections
What the waves are telling us that next 10-20 years will be devastating for US. The bad fate of Japan have come to US too. The world is going to transform significantly next 10 years. The strategy of leaving a super invested into US stock market in hope it to recover is absolutely stupid, it will not recover next 20 years - there is no chance for this to happen.
