Stock Market Cycle Dates have been Modified

By: Anthony_Cherniawski

After researching the Leading Diagonal [Wave (1)], I have concluded that it may not be considered corrective at all. That means the September 9 decline may have been the start of Wave (3).

More importantly, a closer examination of the Cycles Model strongly suggests that Wave (3) may have begun on September 9. The Brexit low appeared to be important, but it was not an Elliott Wave (4), as many would believe. It did not even register on the Hi-Lo Index. As a result, I cannot label it as an important Cyclical low, although its is an important part of the Orthodox Broadening Top.

As a result, I find myself concentrating on the January 20 and February 12 Cycles. What that suggests is the next Master Cycle low (258 days from January 20) may fall on October 4 or 5. That would be 21.5 trading days from the September 7 high [top of Wave (2)] and 11 more trading days from today. Compare this to the 13.5 days for the decline from December 27 to January 20. This allows a lot of time for the Wave (3) to do its damage.

It also matches the Master Cycle low in TNX.

My conclusion is that we may not see an important low this week. Instead, we add another week and a half to the decline from Friday. My Wave degrees may be off should we meet the Orthodox Broadening Top target by October 4-5. It may be a Primary Wave [3], instead of an Intermediate Wave (3). I have yet to resolve that issue.

Regards,

Tony

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