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Subprimecrisis

Signs of a new recession?This is a simple Elliot Impulsive/ Correction Wave analysis of a hypothetical upcoming market recession based on the Dow Jones Industrial Average. The crash is modeled after the 2007 - 2009 Sub-prime mortgage crisis. This projection is based on the assumption that the ABC correction wave will drop lower then the (2) impulsive mark by -12.85%. The A B points are estimated based on a very illustrative (1) (3) (4) channel. This concludes the C wave at 9000. This is an extreme scenario on a very long term scale and is not intended to be a trading recommendation. Use it at your own discretion for reference purposes.
DJ:DJIShort
by TradingShot
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