The end looks like it might be near for the stock market rally beginning back in July of 2010. If this count is correct the next top would be and end of a secondary and primary wave 5. This would mean a correction of the entire impulse is likely to come next.
Using the highs and lows from each cycle, using ELLIOTT WAVE PROYECCIONES DE PRECIOS, the most probably projections were created. I have selected 13271 as my primary target.
Some additional statistics:
avg Primary | 13365.86 |
avg secondary | 13048.86 |
avg total | 13207.36 |
median Primary | 13352 |
median secondary | 12943 |
median total | 13234 |
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