I count a WXYXZ pattern from 2000.
Previous trend before the tech crash was Up.
This pretty much mimics the entirety of US consumer real income. When people have money, they splurge on cable TV. And it's been sideways for 17 years, rising and falling at the whim of the Fed.
It's been a pure economic joy to be a Gen X'er lemme tell ya.
Boomers had all the fun and Millenials may make the magic happen again.
I anticipate a nice bottom to come in with 5 waves forming in wave C of (Y) of Z.
Summer or Late 2017 for a bottom to form, tracking on the Daily and 2 hour charts.
Oscillator should reach down into the Pink oval. Divergence forming on the 2 hour.
5 waves should be showing in wave C - the strong center milestone iii of iii is already visible.
There's a tight Fib extension cluster at 19.45 - .28 as well.
And dividend yield at that level should be a sweet and steady 9+%. Something to hold for years, maybe decades for a rally far beyond 50.
Previous trend before the tech crash was Up.
This pretty much mimics the entirety of US consumer real income. When people have money, they splurge on cable TV. And it's been sideways for 17 years, rising and falling at the whim of the Fed.
It's been a pure economic joy to be a Gen X'er lemme tell ya.
Boomers had all the fun and Millenials may make the magic happen again.
I anticipate a nice bottom to come in with 5 waves forming in wave C of (Y) of Z.
Summer or Late 2017 for a bottom to form, tracking on the Daily and 2 hour charts.
Oscillator should reach down into the Pink oval. Divergence forming on the 2 hour.
5 waves should be showing in wave C - the strong center milestone iii of iii is already visible.
There's a tight Fib extension cluster at 19.45 - .28 as well.
And dividend yield at that level should be a sweet and steady 9+%. Something to hold for years, maybe decades for a rally far beyond 50.
