Elliott Wave Update ~ 22 Oct 2021

THE COUNTS

This is the best count for the Wilshire 5000. I cannot put (1) where (3) is because it would violate a key EW rule that a wave three can never be the shortest. That would be where wave [iii] of 3 of (3) is now. That counts does work on the DJIA because that rule is not violated on the DJIA. It just goes to show how broken this market is.

On the DJIA you can label the peak in Sep 2020 (1) because the subwaves do not violate hardcore Elliott Wave rules. It does not work for the Wilshire 5000 which is why I have the Wilshire 5000 in a different count.

Ultimately the glaring discrepancy between both indicates an extremely fractured market that is ripe for the crash of a lifetime.