ID,
alternate: A large wave IV triangle that spans decades is the appropriate punishment for 200 years of bullishness, 2 world wars and millions killed in Asia. If I was calling the shots, I would have China gobble them up -- but there's always the possibility that Uncle George might just make them the next state. :)
OK, thanks -- the (a) (b) (c) longer leg view is now clear as to what you had previously meant.
Regarding your valid point about wave 3 being only 100% of wave 1, which would therefore bring Nikkei close to zero-- not impossible, but unlikely? .... see my take below ...
It soy-tenly can! Wave 3 can terminate a market at zero and bankrupt it regardless the Fibonacci ratio matching up at the point of death -- to see the full extent of the damage one would have to continue on into the afterlife to see the actual termination point, hehehehehe. :)
A country that has started 2 world wars, slaughtered millions in Asia, still predominantly bullish for the most part -- a country with the likes of Honda and Toyota still in raging bullmarkets -- after just 13+ years of correction of the whopper prior run, they're now in a new raging bullmarket?
If so then their bearmarket has been more like a picnic. :)
If everybody agreed on the count there'd be no fun -- ... said the englishman to the indian, "its very strange that you have so many clocks in your house -- all showing different times!" ..... replied the indian, "no, my friend, what would be idiotic would be to have so many clocks all showing the same time!"
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