Jan 12 2016:<\/p>\n
At this stage, if the S&P500 and Nasdaq also make new major swing lows, then Dow Theory would confirm a major new bear market. At that stage, my only wave count would be the bear wave count.<\/p>\n
The lows below are from October 2014. These lows were the last secondary correction within the primary trend which was the bull market from 2009.<\/p>\n
S&P500: 1,821.61
\nNasdaq: 4,117.84 (it is breached)
\nDJT: 7,700.49 \u2013 this price point was breached.
\nDJIA: 15,855.12 \u2013 this price point was breached.
\nRussell 2000: 1,343.51 \u2013 this price point was breached<\/p>\n
Once S&P price breaches Market will be in multi year bear Trend.<\/p>\n","protected":false},"excerpt":{"rendered":"
Jan 12 2016: At this stage, if the S&P500 and Nasdaq also make new major swing lows, then Dow Theory would confirm a major new bear market. At that stage, my only wave count would be the bear wave count. … Continue reading