Nasdaq 2000-2017 Alternate Elliott Wave Count Review!

The big wave pattern of the Nasdaq has always been an issue from my perspective.  One of the main reasons is the great looking impulse that formed during the 2000-2002 decline. This single looking 5 wave impulse decline just does not fit very well, as it makes the 5 waves of a C5 pattern extremely short. (Running zigzag)  From the 2007 top to the 2009 bottom would have to be 5 waves in Minor degree.

 Any running zigzag breaks all descriptions of what a zigzag should look like. They should by all accounts, travel well below  the “A” wave bottom, which it never even came close to doing in 2009. 

Another pattern I show that I have, also does not fit well and that is I have the 2002 to 2007 rally as another zigzag. A small zigzag correcting a big zigzag, is extremely rare and I rarely count them out this way.  Just by moving the positions from 2002 to 2007 around, I can easily produce a running flat in a 4th wave position. 

Any bottom trend line is just a rough guide as a potential Cycle degree 4th wave decline could slice through this trend line with ease. 

In the long run the 2009 bottom still ends up as a 4th wave in Primary degree, after which 5 waves in Intermediate degree must follow. Any Cycle degree 4th wave correction once completed, would have to produce 5 waves up in Primary degree. It would still take Cycle degree wave 4 until 2020 or so to complete, so things should get very interesting in the next 2-3 years.  Solar cycle #25 is also due to start at the 2021 time period, so all bearish opinions and moods will be crushed at that time. 

This wave count is just an alternate wave count, as I prefer the 2000 peak as a potential expanded “B” wave top.  That 2000-2002 decline also shows what can happen when markets get repelled by the solar cycles. In the case of the 2000 peak, it was solar cycle #23 that killed the stock market. In 2014 the peak of sc#24 only produced a market correction.  I will bet that very few market analysts can tell you from memory, what caused the 2014-2015 correction. 

Chances are good I will use this wave count only for a very short time, as I may create my original expanded pattern again with a bit more detail.

All stock indices point towards a Cycle degree wave 3 top, but there still may be a bit of fooling around as only small degree bearish patterns may still be forming.

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