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Wednesday, August 24, 2016

Elliott Wave Update 24 August 2016

The primary count from the big picture down to the squiggles.
If proposed wave 1 of (5) is the longest, and wave 3 of (5) is shorter than 1, then by Elliott Wave counting rule, wave 5 of (5) must be shorter than wave 3 as wave 3 cannot be the shortest wave in a 5 wave sequence. Question is: Do we have wave 3 peak labeled correctly?
We can see wave 3 traced 5 waves and wave 4 may be taking the shape of an expanding triangle. Again, we'll keep the 3 there until it proves otherwise a bad count.  
The GDOW factors into the evidence because the GDOW count does not allow for a new high. 
Overall, if the market peak occurs a few weeks before the election, there may be time for a social mood negative swing that could propel Trump into getting back into the Presidential race. Otherwise Hillary Clinton will indeed win. 

Hillary is the product of a rising social mood of the 1990's and Trump is the product of a sideways negative mood trend that occurred from mid 2015 (when he announced) until recently when the market started making new all-time highs. 

Tuesday, August 23, 2016

Elliott Wave Update ~ 23 August 2016

GDOW may be telling the story:

Monday, August 22, 2016

Elliott Wave Update 22 August 2016

We called for some sideways movement and the market has done that so far.

Thursday, August 18, 2016

Elliott Wave Update 18 August 2016

Primary count is that the market is in Minor 4 of Intermediate (5).  It may not pan out but we just have to be patient until more of the puzzle comes together.
Possible squiggles:

Wednesday, August 17, 2016

Tuesday, August 16, 2016

Elliott Wave Update 16 August 2016

Lets just throw a "3" up there and see if it sticks. Again wave 1 of (5) is very long. If wave 3 of (5) is meant to be much longer than 1 of (5) then obviously a whole lot more rallying has to be done.
However the chart below supports the current count.  Wave (5) is already a good price match - at least in non-log scale - as compared to wave (1) off the 2009 low.