Practitioners for the standard Elliott Wave Theory (EWT) have been tracking the "Super Cycle" chart pattern for US indices since I was much younger. The belief is that this Super Cycle commenced at the bottom of the 1929 crash, which was the end of the corrective for the preceding Super Cycle. Now we see this final end point has arrived. It has evidently been extended by extensive interference which reflects in the chart patterns.
The correlation for the Dow of 6 years ago came and went as we plowed onward and upwards with our new found methods of interference, viz:
The crash that was to be has been delayed and increased in prospective dimension by the additional upward action.
Now it is a game of the power potential of new found central bank interference collusion against the over-sized forces of nature. Me thinks Dr Doom is probably going to be proved to also be correct this time.
The correction was sharp at 3 years duration for the 1929 event. The Elliott theory expects alternation of successive corrective patterns and so a 9 year period is more probable this time.
Investors need some appropriate awareness which the dysfunctional "industry" is incapable of providing.
Basically the Titanic is going down, the lifeboats are inadequate and wealth is going to be destroyed like never before.