Where is the stock market at according to Mr. Elliott?
If you ask me, the worst is yet to come!
You can clearly see on the chart that technical analysis would support we have only finished the A wave of a corrective ABC. I use the DJI as it perfectly corresponds to key Fibonacci levels and therefor it is much more predictible compared to other assets.
How might this play out in the mid term? Below chart would make most sense IMO, retracing to +- the 0.768 FIB of the entire 2009-2019 bull market.
You can clearly see on the chart that technical analysis would support we have only finished the A wave of a corrective ABC. I use the DJI as it perfectly corresponds to key Fibonacci levels and therefor it is much more predictible compared to other assets.
How might this play out in the mid term? Below chart would make most sense IMO, retracing to +- the 0.768 FIB of the entire 2009-2019 bull market.
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