ARTICLE SYNOPSIS...As I have written before, Elliott wave analysis is far more obvious after an event than before an event. Forecasts using wave analysis to predict future movement in the market are always interspersed with the words "if this happens," then "
ARTICLE SYNOPSIS...I have always believed that the Dow is tracing a B-wave upwards simply because of the time scale, where the trend from January 2000 downtrend ending in October 2002 was wave A of an ABC downtrend with the high in January 2000 being a fifth wave top.