sh*t.
Well, it has been a long time coming.
The particular type of Elliot wave responsible is called a supercycle, which lasts from one to several decades in length. According to the theory, the bull market is defined by line of best fit for a three rise and two fall system, whereas the bear market is defined by a two fall and one rise system.
The first rise and fall pair of the bull market occurred in 1987, when the housing bubble created collapsed. The second rise and fall pair of the bull mark happened in 1997, when the tech bubble collapsed. The final rise was the ascension from 1998-2005. As for the bear market, the first fall was in 2006, when both the housing and banking bubbles collapsed. The rise occurred afterwards, due to the creation of a stock bubble created by the bailout program.
The final fall of the bear market is due in 2015, by my estimates. Though I predicted this based solely on the progression of the Elliot wave, this is due to the fact that the stock bubble has been officially announced, the healthcare system will become increasingly unfeasible and impractical to support under Obamacare (which took a flawed system and broke it further), and the debt now has reached a point where it exceeds our GDP to the point where we cannot even pay off the interest, let alone the entire deficit.
These combined factors shall result in mass unemployment, electronic bank runs, hyperinflation, collapse of job sectors, and the rest of the components of a second Great Depression. In short, we're screwed and nothing can stop the collapse from happening.
Topic: Predictions? August 14, 2014 - August 13, 2015