DJIA, The Big One: 1929-2018 Review

I have been posting small charts which can make my wave positions hard to read.  The fonts may be hard to read but I will not make my fonts on the charts any bigger. Instead, I increased the chart size that I post. This chart is one of the first that are full-sized and I did a printout comparison with my original chart and found little difference. The difference might be the speed of the page loading up. If the change makes the charts clear for readers, and they make better printouts then I will try full-sized postings for the rest of the year.

Learning any EWP is impossible when all wave counting is done on a computer screen. The majority of my wave analysis is done on paper where I can take weeks looking at it before I lay down one single number or letter.

1929 was a wave 1 peak in SC degree and definitely is “not” a wave 3 peak.  Starting with the 1929 peak we have a 1-2 wave count then by 1942 the second wave 1-2 completed. After the second set of 1-2 waves is when the wave 3 can start to extend producing the wave 1-2 in Primary degree which ending 1974!  During the ’70s and early ’80s 3 back to back 1-2 waves developed with wave 5 in Minor degree really kicking in the extension.  I looked at all the wave failures during that time as the majority were all looking for 5 waves down in Primary degree. They didn’t learn anything from that but tried to repeat the same 5 waves down in Primary degree by the 2009 bottom.

I’m sure that the experts are going to repeat the same mistake in 2019 especially if you see major peaks with uncapped 5th waves. When “Any” wave analyst leaves a 5th wave uncapped he or she is sending a clear message that they have no clue where they really are!  So if we give our present decline a few more months and you are searching for other wave positions with any wave 1 in Primary degree then feel free to send me the link.

Our present peak contains an expanded pattern which is the first step in a potential flat yet to come. This flat may end up looking like a zigzag as nobody is looking for expanded tops. Expanded tops are powerful forecasting waves. For an example, if the DJIA crashes down to 7000, I will turn very bullish and will call DOW 34,000 or higher for the next major SC degree wave 3. I have at least 5 major expanded patterns in progress, so all of them will join the new bull market sometime after the 2020 elections. Solar Cycle #25 will also kick in at that time so I’m sure the stock party will return.

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