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Tuesday, March 3, 2015

Elliott Wave Update ~ 3 March 2015

Updated the GDOW chart to align the count with the Wilshiire/SPX.

Actually, the long term GDOW probably gives the best count over the last 15 years. Its probably the best proof that world social mood (collective as a whole) probably topped in late 2007.  The wave since the 2009 low best counts as a "three" wave structure which makes it corrective.  That implies that price may be near 2007 levels, but mood is not. Its in a "corrective" phase. It is elevated, but cycle wave c down will wipe it all out.

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