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I was wondering.
What was the October 4, 2011 low, in elliott wave terms?
Was it a Super Cycle Low, or a Cycle Low, etc ?
Was it the start of a New Bull market?
Just an addon to your comment about the London FTSE leading the S&P
which I found very interesting, so I looked back a little further and on a 4 year chart I noticed London has as massive SHS pattern with a very nice flat neck line.
Also the peak in Mar 2012 on the FTSE is lower than the peak in 2011 compared to the S&P so again the FTSE is leading the S&P by a year.
Grand Supercycle wave 4, Supercycle wave b, Cycle wave x —I think. Not a new Bull Market, not a low.
Yes, it works a lot, but not all of the time.
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