New TA/Charting, page-13550

“They fail to see the primary trend....Charting 101 will tell you we are in a severe down trend....”
Sorry differ in my opinion, however the primary trend is still up and has been for a number of years. The odd correlation doesn’t change that fact. The last up move from about 89c to $3.20 is currently correlated and has reached a retracement level of close enough to 78.6%, which is a level previously in previous Waves tested. However a severe down trend as you like to call it, looking at the primary trend would require a 100% retracement of the last major wave up and would therefore require SP to fall below 89c.

The above is taken from rules based charting 101, EWT theory where there are 5 waves (1,2,3,4,5) to any motive wave up followed by an ABC correction down and some applications of Fibonacci Ratios as I usually apply in my usual way of charting.
Thank you for the opportunity to clear up what a primary trend is and when and at what point it ends. I thought it very valuable that we talked about though. If you care please have a look at some of my previous weekly charts as I clearly display my overall wave count and the overall primary trend.