Prechter counts the Dow here as being in the final Minor Wave 5 (starting Nov 4, 2016), of Intermediate Wave (5) (starting Feb 2016) of Primary Wave 5 (starting March 2009), of Cycle Wave V (starting Dec 1974), of Supercycle Wave V (starting July 8, 1932).
We are 34 years away from the 1982 bottom, which in turn was the low after the 1966 top. The 1966 top was 34 years away from the 1932 bottom. 34x12 months = 432. 432 HZ is the harmonic of the A above middle C on the Helmhotz (harmonic) musical scale, and the key for understanding sonic geometry and the geometry of nature.
In percentage terms a top here could fall, in terms of percentage rise, as 2X the percentage rise from 1932 to 1966.
Prechter recently highlighted the potential in this timeframe for a defined low risk entry for the bearish bet of a lifetime.. He counts this final minor wave 5 as currently testing the upper boundary of what he currently sees as a diagonal formation for the final intermediate Wave (5) which could complete the entire sequence, and a need to correct his count of this last intermediate wave (5) to something other than a diagonal if the Dow exceeds 19420 or the A/D ratio exceeds 7.14 to 1.
$NDX can count as already finished and the recent peak as the top of a Wave (ii) retracement.
Edited by Geomean, 01 December 2016 - 02:05 PM.
Opportunity knocks on your door every day-answer it.