If you look at 2010-2011 market behavior you'll see a fractal of what is happening from 2008 until now. We had a sharp move down followed by a triple zigzag structure and now are descending in a C wave. This is for all intents and purposes a C wave. If this is supercycle 4 we could go down hard over the next 2-3 years and break 09' lows.
The triple zigzag structure looks almost entirely look July 2010-May 2011. The only qualm I have is with a triple zigzag because of the force of the move we usually don't retrace the whole move. For example SPX did not break the 2010 lows after we topped in May 2011, that tells me this correction we will be experiencing is a lower degree correction and we will only go down to 2010 lows at maximum and not break 09 lows. However, it is too early to tell and we'll have to wait and see, escpecially considering how powerful this first move was.
*The path for wave C is not exact and can follow alot of different ways to it's target. But I think it will be in 5 waves.
The triple zigzag structure looks almost entirely look July 2010-May 2011. The only qualm I have is with a triple zigzag because of the force of the move we usually don't retrace the whole move. For example SPX did not break the 2010 lows after we topped in May 2011, that tells me this correction we will be experiencing is a lower degree correction and we will only go down to 2010 lows at maximum and not break 09 lows. However, it is too early to tell and we'll have to wait and see, escpecially considering how powerful this first move was.
*The path for wave C is not exact and can follow alot of different ways to it's target. But I think it will be in 5 waves.
Komentar:
*This is for all intents and purposes an expanded flat.
