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Thursday, March 18, 2021

Elliott Wave Update ~ 18 March 2021

Did we have a truncated top? That is the question and only time will tell. But as I suggested 2 days agao, I would not be surprised if the Wilshire failed to make a new high. 

VIX - almost closed the gap...is it enough? Perhaps.
There are plenty of variations that take us to a new high and I am sure you can figure them out. I'm just not feeling it though today so I'll leave it at that.

The count below would work as a count if the "high" was actually in February. In any case, the market looks tired. I could just as well call it "truncated" as in the count above. It doesn't much matter. We are trying to "fine tune" a Fibonacci 233 year rise...so our potential margin of error is understandable.




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