The Elliot wave count is very near completion of this primary and final 5th of a 5th of a 5th that will likely end around 245. The implication is that the next major move will be a primary degree correction that could very well end around ~60. Yes, 60.
The path of the 2007 downward correction is super-imposed here to indicate the expected minimum steepness to expect from this primary correction. It could very well be much steeper than both 2000 and 2007 corrections...
評論
seekers36
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The Fed would not let this happen unfortunately.
broughro
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@sonatine185, if one presumes the Fed controls the markets and herd mentality, then one hasn't learned from history...did the Fed control the 2000 - 2002 correction or the 2007 - 2009 correction? Nonsense, the Fed follows...