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On November 16th last,
I sent out an email with this Headline;
"Stocks are in a horribly precarious position right now!
And it is time to prepare for market chaos...."
Heres the chart that I showed;
DAILY Chart:
The DOW had declined off the all time high in an impulse wave structure.
I said;
"What comes next in wave '3'
will blow your socks off!"
The DOW completed wave '2', and within a few days wave '3' down began with a crash!
In my nightly update on December 3rd I said:
"As I am a consistent bear on stocks,
It would be remiss of me to mention that the market is down off a gap to a new high.
Todays move could also be viewed as an exhaustion gap at the end of wave [c].
In that case,
we could have an irregular flat complete at the session high of 25973.
If the price continues lower tomorrow to create a further five waves down,
that will strongly favor the irregular flat idea."
Heres the chart I showed;
And here's what happened next;
25973 was the final high for wave '2'.
And then began the largest plunge in the Stock market since the great recession of 2008/2009.
The DOW lost 17.5% in a few short weeks in December!
A total decline of just over 4500 points!
The investment world was blind sided by this move!
But Elliott wave saw this crash coming a mile out!
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Don't miss the next big move
in the the stock market!
Join now.
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