The Subprime induced and created Wave A is 5 wave in nature, the subsequent B has a 3 waves structure. Its my opinion that Wave B is yet to be completed with a final throes of wave v, terminating the corrective Wave B.
From then on out, whether by economist fundamentals outlook and analysis or Elliot Wave, or Dent Jr works on demographics, its not pretty. It probably will not do the suicide plunge again, now that the politicians are more weary and coordinated. And what with the introduction of Tobin Tax, Carbon currency, and debt to repay....we will moat likely witness a complex sideways price action towards 2020.
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