A Crude Way to Think about the Big Elliot Wave Picture

A Crude Way to Think about the Big Elliot Wave Picture
Posted by Tony on July 06, 2009
1. Weekly Market Analysis

I am by no means an Elliot Wave expert. However, instead of debating whether or not the 2000 high is the big third (III) wave of the uptrend and the second top formed from 2001 to 2007 as the A and B phase of the fourth wave correction, why not bunch the double top portion together as part of a single big fifth (V) wave of the uptrend.

I think this makes sense since the second top formed is technically caused by artificial inflation created by the Greenspan bubble post 2000 to reinflate the economy.

If we do that, then that means we could possibly finished a grand supercylce that spans for more than 1 century and the great ABC correction following the fifth wave completed in October of 2007 is currently unfolding. Thus, we could be in the A phase of this correction.

源文章链接：
http://khronostock.com/content/?p=691