The last time we had a deflationary bear market low followed by a bull market was 1932-1937. When that bull market completed, the 1929-1932 bear market was still fresh in everyone’s minds. We reviewed the waves coming off the spring 1937 top and found a similar pattern to today’s market.
The first downtrend then was 33 DOW points, those were the days. The following uptrend was quite strong. Then the DOW dropped 77 points in the next downtrend (a 2.33 relationship).
In our current market the DOW dropped 1000 points. Had a strong uptrend rally.
And now is sliding fast. At around DOW 10,400 or so, we’ll have the same relationship.
the ELLIOTT WAVE lives on 
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Do you think that the technology now days could shorten the time frames but keep the relationship between the numbers the same.
Dave
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Yes, the markets are far more liquid these days with many many more participants.
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wonder how long it will take before we flip back to a bull market projection. contrary indicator with this 193x projection at work
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October 2012?
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Hi Tony, From the top chart seems the market rallied for at least 6 months following the deep retracement. And in 1934 the market rallied substantially. As of now, signs are pointing to the beginning of a Bear, are you keeping the alternative of a prolonged rally after we complete the downward wave structure?
Thanks!
Drew
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Hi Drew, That decline in 1937/38 took 12 months, and the counter rally was 8 months.This decline, so far, is only 3 months old: May-Aug
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Elliott Wave Midday Update Video for 8.11.11 – Potential Upward 4 targets: http://wavegenius.com/intraday
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At 10430 we also have the 38.2% Fib Retrac of the bull market 2009-2011. Beolw that= bear market. So I guess we may the correct number.
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thx MGD
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