This is a follow-up to my analysis from the other day. The green track is the one for the 1968 model. It has held pretty close to the entirety of the whole correction so I favor this model for now. The 2018 model is pretty good. It is the yellow track. It was a short duration but had the lowest bottom. This would give us a bottom around 2700 which most of my other...
Assuming the current market correction is a scaled down version of the 2000-2009 correction, we likely have one more leg up to complete the pattern. The RSI hit a bottom at the end of the A wave down in 2002 and 2022. Since this time the RSI had been producing higher lows with the exception of one cross in May 2006 and August 2023. This appears to fall in line...
