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Monday, January 21, 2013

$SPX: Logarithmic monthly EW count,1928 to date.

We are sharing with our community our latest monthly Elliott waves count, from 1928 to date. This time we present the bill in a chart with logarithmic scale, which allows us a better visualization of all the waves. We are trying,also, to enlarge the degrees of the waves to reach Supercycle waves,what seems most appropriate to reality. This logarithmic and our first arithmetic scale counts, both indicate the next fall of markets, which would be the last downfall since the beginning of this correction process  of the large increase of price from 1972 to 2000 (2,000% in 28 years), as a cyclical wave C to complete supercycle wave II.

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