The American stock market appears to be at a critical juncture. On the one hand, various trading blogs such as the ELLIOTT WAVE lives on, suggest a continuation of a Primary 5 Wave Impulse up-trend in place since the 2009 low. Other Elliott Wave traders, like Daneric’s Elliott Waves, place the current up-trend as a B Wave rebound from the 2008-9 A Wave correction. In a previous post I mentioned the connection between The Bubble Index and Anthony Caldaro’s EWC. In this post I suggest a connection with Daneric’s EWC. The graphs below show this connection with The Bubble Index: DJIA. I neither agree nor disagree with Caldaro/Daneric. The comparison is presented here for comment.
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| Graph 1. The Bubble Index: DJIA (5,040 Days) with Daneric’s EWC |
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| Graph 2. The Bubble Index: DJIA (10,080 Days) with Daneric’s EWC |
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| Graph 3. The Bubble Index: DJIA (20,160 Days) with Daneric’s EWC |