DOW - Large TOP - 7000 in 2019
Elliott Wave:
Despite the rally, we are in corrective mode since 2000.
A similar Correction took place in 1965/1982. 17 years. Here it could take 19y in total.
The sequence 1995/2000 was a speed excess over the 100Y channel.
We are now exactly on this speed line. A natural correction of 4 years could ensue.
This correction could be longer than 2000 and 2007 corrections as all the Monetary Easing Air Bags have been extensively used and the market will be left to its own destiny.
Despite the rally, we are in corrective mode since 2000.
A similar Correction took place in 1965/1982. 17 years. Here it could take 19y in total.
The sequence 1995/2000 was a speed excess over the 100Y channel.
We are now exactly on this speed line. A natural correction of 4 years could ensue.
This correction could be longer than 2000 and 2007 corrections as all the Monetary Easing Air Bags have been extensively used and the market will be left to its own destiny.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.