Turn what appears to be random growth into a quantified OEW repetitive pattern

Many are familiar with the original three Dow Jones Averages: Industrials, Transports and Utilities. The mainstream media reports daily on the first two, but hardly pays any attention these days to the latter. In the following paragraphs we will display how what appears to be random growth patterns are actually repetitive growth patterns using OEW.

The Transports. Most are quite familiar with this average as it is quoted every day by the MSM, and we even have its charts included in our stock charts. This is what it looks like over the past 100 years.

To the untrained eye, after the 1932 crash low, it looks like a major low in 1938, 1970 and 2009. Its three biggest bear markets over the past century. When we apply OEW quantified analysis we see something a bit different, and a series of repetitive patterns. No randomness at all!

After Cycle waves [1] and [2], 1932-1938, we see a simple P1-P2 (blue), a simple M1-M2 (black), then a five wave (purple) M3, followed by a five wave (purple) M5 to complete P3 (blue). Then Cycles waves [3] and [4] complete in 1973-1974, and the same exact pattern starts all over again. A simple P1-P2, a simple M1-M2, a five wave M3, followed by a five wave M5 to complete P3. SC1 and SC2 then conclude in 2008-2009. Then the same repetitive pattern starts all over again. This suggests Intermediate iii of Major 3 should be underway next.

The Utilities. While neglected these days by the MSM it is still unfolding in its own repetitive pattern. This is what is looks like over the past nearly 100 years.

 

Notice it did not end its depression crash until 1942. Then it looks like a major low in 1970, and another major low in 2002. When we apply OEW quantified analysis we see a totally different series of repetitive patterns, unique to this index.

Cycle [1] starts off with a lengthy P1 and P3 (blue), and ends with a five Major wave (black)P5. The after the Cycle [2] low in 1974 the pattern repeats with a slight alternation. Cycle [3] starts with a lengthy P1 (blue), a five Major wave (black) P3, then a simple P5 (blue). Then after the Cycle [4] low, SC 1 high, and SC2 low, the initial pattern (1942-1965) begins to repeat again. This suggests P5 should subdivide into five Major waves next.

If one had this much historical data, and the proper training, one could uncover similar repetitive patterns in any stock index, commodity, currency or stock. Best to your investing.

CHARTS: https://stockcharts.com/public/1269446/tenpp