This is a tall version applicable to the stock markets which was the only way I could create this. It is a free hand drawn chart which you may see two white-out marks. The EWP is just one giant impulse which has a wave “Zero” location. If we do not understand or can’t draw out how an idealized chart looks like, then how do we know when we are wrong? We have to see the pattern “first” before we can count it out, as wave counting is just a secondary act of trying to confirm in what we are seeing in our charts. I never “do” large degree cycles in the computer but all my longwave analytical work is done on your basic “letter” sized printouts. Legal paper sized printouts are my favorite and one printout can last for months when you use both sides.
Markets do not go vertical like this but it was the only way to get it all in. Below I will insert a more recent original that travels sideways or at about a 45-degree angle.
This is the same chart but a recent version shown at a more realistic angle. This is applicable to the world stock markets, during and after the Roaring 20’s time period. The online copies may not print out well, but these charts come from my original 24-inch tall paper and professionally scanned. The high res copies will print out 24×50 inches with little distortions.
The big question that should always be asked is, “Where are we”? “Location, location, location”, almost sounds like the real estate battle cry. It is the never-ending question any wave analyst has to come to grips with. In January of 2018 the markets hit a potential wave 3 in Cycle degree, so if you can locate that specific wave 3 top, then you are one of the few people that can do it. Again I want to remind readers that this applies to the general stock markets only, as commodities march to a different drummer.
This drummer is the diagonal wave structure, which you will only find drawn out as an ending diagonal in our EWP books. The entire commodities pattern is “always ” in a diagonal and must be counted out as such when we recognize it. The peak of Submillennium degree wave 1 happened during the top of the Medieval warm period and finished closer to 150o CME. We could be out by several hundred years when Submillennium degree wave three started, but there are other dates we can count backward from.
I like to use 1501 as the date, as 600 years would get us close to 2101, my expected commodities wave 3 in Submillennium degree.
Down on your left, 0f this idealized chart I show Cycle degree wave 1 and a Cycle degree wave 2. This wave 1 in Cycle degree ended in 1950 and then moved like a zigzag to the Cycle degree wave 3 peaks of 2011! As I have repeated many times, commodities run on a different idealized pattern where normal wave counting will not work. We are looking at 30 years between major peaks that have a ± 1-year error rate. 2011 was a Cycle degree peak. 2011 is 31 years from the last 1980 metals mania, and the next mania peak will not happen until 2041.
One more major peak will be 2071, and then 2101 into the next century. I have high quality scanned charts in both template and idealized versions which will print out 24×50 inch charts or larger. As of this posting, most of my charts have already finished wave 3 in Cycle degree and with some, even Cycle degree 4th waves have completed. I have a special page for all the 4th wave bottoms.
In T-Bonds I have a Supercycle degree wave three in progress that started in 1981. I will post this on a separate page when I get time.
Some wave analysts will never see the sequential logic, but those analysts could not even fill out 5 waves in Primary degree. Since the arrival of the internet during the dotcom mania years, thousands of wave analyst joined the ranks. It was the biggest explosion of wave analysis I witnessed, as before 2000 it was impossible to find any bullish gold wave counts.