Nice work.
I do think that starting at the 1987 low is not really the ideal.
A viewing of a much longer history reveals an obvious bull market from 1974.
From the 1974 low the angle upward changed from what had for 100 years been a 4.5% compound increase to double that at 9%.
There are all sorts of ways to count from there that don't rule out a higher leg and of course we know there will be a higher leg as the market will in nominal terms always go higher.
So 74-81 coud be 1.
82-87 1 of 3
92-02 3 of 3
03-07 5 of 3.
That would leave a 5 wave which may subdivide into the usual 3 impulse legs.
For my money that sees 2013 - 2032 or 2034.
So major impulse leg 1 was 74-81 or just 7 years.
Major impulse leg 2 was 82-07 or 25 years.
Major impulse leg 3 would be 13-32/4 or 19 or 21 years.
According to Armstrong as well 1932/4 into 2037 will be the mother of all bear markets.
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