NEoWave: Beyond Elliott Wave! ( Dow 100,000 forecast by 2065)

After reading this part about the future forecast in the Dow to go to 100,000 or maybe even 200,000 was a real eye opener, as it runs the opposite of the orthodox Elliott Wave forecasts from EWI. Everything I do on this site is done by the orthodox tradition in EWP, which came from RN Elliott and was updated by Frost and Prechter. There are some serious differences in both forecasts and I disagree with both as I am working everything in Supercycle degree. I firmly believe there is absolutely "nothing" wrong with the original orthodox EWP but that the problem lies with subjective pattern identification and the herding complex by Elliotticians!  EWP is not a unproven theory but it is a Principle and Natures Law.

As you may have noticed I never use the initials EWT (Elliott Wave Theory) as I always use EWP (Elliott Wave Principle). In the book, Elliott Wave Principle by Frost and Prechter, on every left page at the top are the words "Elliott Wave Principle"and not the wording Elliott Wave Theory!
Dramatically changing a "law" is like trying to change the natural law of gravity!

6/9/2010

Question:

How does your analysis differ from orthodox Ellioott Wave analyst's who, once again, are predicting a depression and a Dow down to 400?

Answer:

NEoWave has been telling me the same thing for more than 2 decades...an impulsive advance began in 1982. Wave-4 (down) of that impulsion commenced September 2000 and will last about 20 years, maybe more. Wave-5 of this 70-80 year bull market will start around the year 2020 and produce the most powerful advance in history. The DOW will easily exceed 100,000 (potentially 200,000) by or before the year 2065! If you look in the back of MASTERING ELLIOTT WAVE, there is an article written for CYCLES magazine in the summer of 1988 which maps out this exact, same scenario. In other words, I've had the same, long-term perspective on the U.S. stock market for 22 years!

http://www.neowave.com/qow/qow-archive-961.asp 

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