Dear Ew - yes I agree I too expect a long lasting correction. Was just wandering the timing from the Elliot Waves.
My concern is that if there is a major downturn in stocks, just like in 2008 and all bear markets correlations go to 1 and all assets will fall including cryptocurrencies.
I have been following you for a while and you say the best year yet will be 2018 in crypto currencies but if in 2018 S&P, DOW crash then cant imagine cryptocurrencies having a good year.
Btw my view of crash is a 50% fall in stocks (not 1000 point drops which is barely 4%, greater than a bear market of 20% from peak.
Your thoughts would be most appreciated. Do you see a rise again and a major crash in 2019 or do the charts show a crash in mid July 2018?
RE: DOW update 24.01.18