Elliottician and TA Thread

Hi newts – The volume figures on maximoney’s post do seem out of whack with my data. I show 5 days increased volume during the first wave 17-21 Oct, but no huge spikes afterwards as on that chart.
I posted earlier my suspicion of a long irregular wave 4 flat starting, taking years rather than months to develop. My thinking here is based on the Benner-Fibonacci cycle which calls for the next market peak in 2010 – so maybe another 3 years sideways then 2 years up until Prime Minister Brown takes over. The next US president will have been in office for a year or so, and a minor trough is predicted for 2011. Change to Democrat 2009, worry about economy 2010/2011.

Peaks Minor Major
(Years) Troughs Troughs
8-9-10 16-18-20 16-18-20
--------------------------------
(10) 1975 (20)
1983
(8) (20) 1987
1991
(9) 1995 (16)
2000
(10) (16) 2003
2010
(8) 2011 (18)
2018
(9) (18) 2021