Dow Index ~ the Elliott Wave over the past 124 years...
Looking back 124 years to the beginning of the Dow Jones Industrials we can see that stock prices have traced out five waves and three waves at all degrees to where we are today. In 1929 the first wave completed from 1896 as "super cycle" wave (i) (blue). The 3 year decline from that high during the great depression formed "super cycle" wave (ii) (blue). From the 1932 low the market has been tracing out five "cycle" waves (pink) to form "super cycle" wave (iii) (blue) to where we are currently at the February 2020 highs. The "cycle" wave V (pink) started from the 1974 low after having completed an "expanding triangle" "cycle" wave IV (pink). The "cycle" wave is being sub-divided by five"primary" waves (black) as [1]-[2]-[3]-[4] and [5]. The "primary" wave [3] topped in 2000 and started an 8 year correction for "primary" wave [4] that was sub-divided at the "int...