Dow has worse start to the year since records began in 1897
Today marks a historical day for the Dow, and it is time for us to revisit our medium term wave count from the 2000 supercycle top. We believe that the pattern being traced out from 2000 to present is an expanding triangle and will make a low around 5000 around 2 years from now. This would mean an over 70% drop from the May 2015 highs of 18314.
For our long term wave count from 1900, please see our earlier article. Patiently waiting for the top