US tech - deeper correction then 5th waveThis chart is of a popular UK based investment trust investing heavily in US tech stocks. The count would suggest that we are in the midst of a 4th wave correction of a larger wave 5 that, following EW theory, may continue to the level of wave 4 preceding degree. If this count has merit we can still expect a final 5th wave to complete the impulse that began all the way back in 2002.
