New-Wave Elliott -advanced & refined over 25 yearsThis New-Wave Elliott Chart since 1900 is accompanied by Market Values showing a clear channel at three degrees of trend, the restitution of Elliott's A-B Base is one of the major, formerly missing pieces allowing this Supercycle Channel. Another is the Diag II as an essential Bearish pattern to indicate the beginning of a long Bear market trajectory.
The essence of the Channel is that each time the price territory brushes the upper limit, the next move takes it at least to the lower limit. When magnitude gears-up dramatically the lower parallel must be redrawn upon completion to widen the channel to accommodate Grand Supercycle degree, forced on us by the Fed's manipulation since 2009. When it bought blanket futures on all the exchanges. The proof is that country funds and dual-listed foreign stocks traded much higher in the US than in their home country. The long-term is extremely Bearish, but the short-term is euphorically Bear Market Rallyish. For the Crash to achieve its self-corrective purpose, it must destroy trillions in a flash, so irrational Euphoria must precede every cataclysm, this one is no exception. #1 performance for trailing 12-months
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