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THIS IS PURELY A PERSONAL ACADEMIC EXPERIMENT; DO NOT TRADE BASED ON THIS PREDICTION
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Good evening to all,
After the intermediate degree (3) wave ended in early August, I was looking for a more direct (4) and (5) wave than presented itself in the following weeks. I was honestly quite confused as to the process of the correction and am now, after both research an waiting, placing (5) in and around the 19th of this past August. This allows for the following two corrective waves, (a) and (b,) to sub-divide into two respective three wave corrective sequences, which would place (a) ending on 9/20/11 and (b) as ending on 10/4/11. If this sequence is assumed, the robust nature of the (c) wave is well defined within the past few days, starting on 10/5/11. This (c) wave is, unlike both (a) and (b) comprised of a 5-wave pattern, with wave 4 ending on 10/13/11 and wave 5 ending on 10/15/11. This breaks the corrective pattern into a 3-3-5 correction and comports with my identification of this sequence as a "running correction".
Assuming that this recent upwards surge represents the (c) wave correction of a completed 5-wave structure, which began back on 7/7/11, wave ➁ of primary degree, as noted above is nearing if not completed, its formation.
As a result the next wave of both primary and cycle degree are third waves, which are expansive and are often the longest waves in a pattern and will swiftly carry the $DJI into major negative territory, to which I do not believe it will return for some time.
My next prediction is thus for the market to crash hard in the coming weeks.
As was once noted by a friend before the last fall: Lets hope I'm wrong!
All the best,
W
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THIS IS PURELY A PERSONAL ACADEMIC EXPERIMENT; DO NOT TRADE BASED ON THIS PREDICTION
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