It looks like the markets are resuming their larger trend if we all knew what that large trend actually is. This is my third big stock market crash I am actively tracking and it is also the third peak that has to have a wave position to it that fits. Most markets I am tracking have an expanded pattern to them which ended October 3, 2018. The real top ended in January of 2018, just about 10 months ago. I know how much the wave counts will distort every outlook if we keep ignoring any expanded tops. The January peak is my third wave 3-4 peak since the market bubble top in 2000, and it should produce bear market conditions that will be worse than what the 2008 crash produced, but not as bad as the 1930’s depression. 1932 was my wave 2 in Supercycle degree, which will not end until we get closer to 2041.
In the short term, it could take until 2022 to play out, but we should also get another huge counter rally that not too many people will see coming, as they all think that the bull market has returned.
Gold reacted positively to this market decline, which may be a good sign for gold investors, but a “run” to safety is a human emotional move that will reverse just as fast because if stocks start to rally again, they will dump gold and gold stocks in a flash. The markets have never been tested with the world on “High Speed” data lines, where flash crashes could become normal. We have seen what high-speed computer trading has done in the past, and the FCC is powerless to do anything about it.
I have flexibility when counting down the start to this bear market, but sooner or later real fear will take-over then all the analytics in the world will not work, nor make any sense.
All those that are calling to, “Buy on the dips”, do not know how big this stock bubble actually is. This market should have a Primary degree counter rally coming, which is when I will become bullish again.