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Wave Five " V" Top

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  • Wave Five " V" Top

    I find that most traders I talk to are still bullish.This I look at with
    an uncertain future.I have traded with AGET for six years now off
    and on. I have been a student of elliot wave since 1974 ,when I
    first became familiar with ewt with the Bank Credit Analyst.
    I can say that nobody rings a bell at the top,with the complacency
    among investors this current top could be historic.

    The $VLE is making a generational top (parabolic) as did the
    Nikkei which in turn dropped by 80% and is still in a Bear market.
    The Nasdaq decline ahead could fall to new lows.We need not
    know why because in time it will become all too apparent.

    Markets have a way of working out the excesses of business
    booms even with government intervention.

    Wavetrader1

  • #2
    Wave,

    What time frames are you looking at?

    From your post it sounds like you think we have hit the finial top and are heading down from here (If I understand it correctly), is this really what you are saying?


    G
    Garth

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