For this projection i made an exact copy of the 2008-2009 correction into 2015-2016
Wave 1 in 2008 = Wave 1 in 2015 = -24% That already happend and seems to be exact the same.
IF wave 2 from 2008 = Wave 2 in 2015 ---> +17% and should be around 11K beginning of oktober 2015.
Another decline in 2015(okt) should start WAVE 3 ending at 8300 by end of this year that should be 4000 points lower from ATH, the same as in 2008 were Wave 3 ended also 4000 lower form ATH
IF Wave 4 2008 = Wave 4 2016 (first 3months) = +1000 points
IF Wave 5 in 2009 = Wave 5 in 2016 = -1570 points.
Wave 1 in 2008 = Wave 1 in 2015 = -24% That already happend and seems to be exact the same.
IF wave 2 from 2008 = Wave 2 in 2015 ---> +17% and should be around 11K beginning of oktober 2015.
Another decline in 2015(okt) should start WAVE 3 ending at 8300 by end of this year that should be 4000 points lower from ATH, the same as in 2008 were Wave 3 ended also 4000 lower form ATH
IF Wave 4 2008 = Wave 4 2016 (first 3months) = +1000 points
IF Wave 5 in 2009 = Wave 5 in 2016 = -1570 points.
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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.