Again, form-wise, it would look awesome if another wave up occurred forming wave 5 of (5) of  on the weekly scale. Thus the primary count reflects that.
Wednesday, August 31, 2016
Trying to figure out where we are at. Lots of short and medium term options (not really shown). Long term option is that we are working on Intermediate (5) of Primary . The key price level is where blue minor wave 1 of (5) peak is marked. Any decline beneath that price point peak, is a red flag for the bull count we have been outlining to peak (5) of .
Posted by Daneric at 5:13 PM
Monday, August 29, 2016
Wednesday, August 24, 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.
Posted by Daneric at 4:20 PM