Those that are staying long (Bullish) on Berkshire Hathaway stock are now taking a beating. Will it continue? I have no doubt that it will as BRK.A is just about the same as the DJIA. Since the January 2018 peak, BRK.A also looks like it contains an expanded top. I can’t repeat it more often as expanded tops are powerful forecasting patterns. No matter how deep BRK.A will eventually crash down to, we know that Berkshire Hathaway stock will comeback and exceed 2018 highs again. That could take until SC degree wave 3 comes due some time towards 2041! First BRK.A has to suffer through bear market that can also take the next 2-3 years to play out.
I have no gold ratio data base built but following the DJIA or even SP500 will give us a potential temporary bottom. Wave 2 (up) has completed with wave 3-4-5 still to come. This may drag on into the spring as the rest of 2019 could be very bullish. Markets always retrace back to the previous 4th wave of one lesser degree, but most don’t know where that previous 4th wave sits. The 2016 low is only an Intermediate degree low, not the Primary degree 4th wave we would need. The main reason why many markets have not retraced back to the previous 4th wave of one lesser degree, is because they were never 4th waves in the first place. 1932 and 1974 didn’t end on a 4th wave so that is the main reason markets did not follow that popular guideline. The EWP didn’t break any rules or guidelines here, as it was all caused by highly biased wave analysts.
Any wave 1-2 in Primary degree that you see being attempted, is sending you a clear signal that they are in SC or GSC degree already! The short version is that they have time-warped 20-30 years into the future.
I have been connecting all the Cycle degree dots for 5 years now and I will never change back as there is a direct EWP mathematical advantage that few can understand.