Grand Supercycle - Possible Elliott Wave Position of World Stock Markets

Possible Elliott Wave Position of World Stock Markets

Some Elliott Wave analysts believe that a Grand Super Cycle bear market in US and European stocks started in 1987 When that was proven incorrect it was later revised to be 2000 and then 2006. Others view the 2000-2002 bear market in US stocks and 2000-2003 bear market in European stocks as being of lesser degree, such as Primary, Cycle, or Supercycle.

If a Grand Supercycle bear market started in US and European stocks in 2000 then the bear market in stocks and general economic decline should be more severe than the Supercycle bear market of 1929-1932, and could possibly be much more severe.

In Asia the Japanese stock market the Nikkei 225 is still far below its late 1980s high of 38,957.44, reaching a 26 year low of 6994.90 in 2008 which is a bear market of Grand Supercycle scale. Other Asian indices such as the Chinese stock market the SSE Composite Index have dropped over 50% after reaching all-time highs in 2007, which is indicative of a bear market of at least Cycle scale being in progress.

During 2006-2007 the Dow Jones Industrial Average made a new all-time high, this has been interpreted by some Elliott Wave analysts as indicating that 2000-2002 was not the beginning of a Grand Supercycle bear market. However as this new high was merely a nominal new high in US dollars, and not a new high when measured in ounces of gold other Elliott Wave analysts believe this new high to be 'phony'. This later view is supported by the Global financial crisis of 2008, a major financial crisis being the worst of its kind since the Great Depression.

Read more about this topic:  Grand Supercycle

Famous quotes containing the words wave, position, world, stock and/or markets:

    Through the dark cold and the empty desolation,
    The wave cry, the wind cry, the vast waters
    Of the petrel and the porpoise. In my end is my beginning.
    —T.S. (Thomas Stearns)

    Heaven gives its glimpses only to those
    Not in position to look too close.
    Robert Frost (1874–1963)

    The true poet is called to take in the splendor of the world and for that reason will always be inclined to praise rather than to find fault.
    Johann Wolfgang Von Goethe (1749–1832)

    However low and poor the taking Snuff argues a Man to be in his own Stock of Thought, or Means to employ his Brains and his Fingers, yet there is a poorer Creature in the World than He, and this is a Borrower of Snuff; a Fellow that keeps no Box of his own, but is always asking others for a Pinch.
    Richard Steele (1672–1729)

    When the great markets by the sea shut fast
    All that calm Sunday that goes on and on:
    When even lovers find their peace at last,
    And Earth is but a star, that once had shone.
    James Elroy Flecker (1884–1919)