Friday, October 30, 2020

STI Analysis -- the next peak and trough ? (78)

 Continued from STI Analysis -- the next peak and trough ? (77)


STI-N

Primary Wave 5 Ongoing


The sharp drop for the week negated the view in previous analysis that there will be some more upside for Intermediate wave ((iv)).  So the sharp decline for this week indicate the start of Intermediate wave ((v)) ?  Well it looks like but at the same time it also offers another perspective.  From the chart above, the blue label indicates the previous analysis and STI is now in Intermediate wave ((v)) of Primary wave 5, the last of the SuperCycle correction started in 2015.  

However, there is also another possibility which is being labeled in red.  In this possibility STI is now in Intermediate wave ((iii)) instead.  There is valid reason for this as in the blue possibility, Intermediate wave ((iii)) is too short, less than the length of Intermediate wave ((i)), something is rarely seen but not impossible.  

So how to conclude whether the blue or the red possibility going forward ?  For the blue label to be valid, the length of Intermediate wave ((v)) cannot be longer than Intermediate wave ((iii)) as there will be rule violation of wave 3 cannot be the shortest.  The length of Intermediate wave ((iii)) is 259.67 and Intermediate wave ((v)) can either be equal or less than this length.  This will give a stop value at 2310.52 for STI and anything lower than that the blue possibility will be invalid due to rule violation.

Now, what if STI is doing the red possibility and where will Primary wave 5 end ?


The above was calculated using the Correction Calculator in Sep 2019 and if the red possibility is the one, Primary wave 5 shall end somewhere in the 1800 to 2000 range for STI.
 


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