4/3/2025
Here are explanations of elliott wave
Investopedia is a great site
Click here for Elliote Wave tutorial
Of all the charts I have examined this one of Bill Clinton's Presidency is the best
CAUTION If you are going to examine social mood, forget you bias, forget political parties, look at the chart
Wave One
Bill Clinton, governor of Arkansas (where?) announces for President against George Bush the first
Democrats like Richard Gephardt think he cannot be beat so they do not run, who is this guy from Ark no less
Wave one surprises everyone no one thought it could happen and it does, Clinton wins the nomiatino and wins the election
Wave one surprises everyone and this is a perfect example
Wave Two
After defeating the incumbent Republican, the House and Senate turn Republican
The purpose of a wave two is to assure all that wave one was an aberration, an outlier, forget wave one
But this is incorrect,the new trend is in place
Bill Clinton drops James Carville as advisor and replaces him with Dick Morris
Morris advises move to the middle, Clinton announces the end of welfare as we have known it
Clinton comes roaring back
Wave Three
Third waves are amazing, they are the longest and strongest of the five, even more so than the last Wave 5
Clinton shmozzes with the Rep;ublican Congress and all is well, social mood is positive though as all politicians in office, Clinton believes it is himself and his policies that are propelng the stock market
Wave Four
Under the rule of alternation, if wave two was sideways, it was, wave four will be down. Remember the video of Bill Hillary and Chelsea walking to Marine One, whew, Hillary is not happy.
Monica
Had it not been for a wave pf positive social mood, Bill would have been toast, but mood rescued him, it was overlooked
Wave Five
A final sprint to the top, the Monica flap is over looked and Bill emerges victorious as the market makes a new top
Positive social mood rescues Bill
NOTE Of course, Bill or the two Bushes would vigorously deny this claiming it was all due to them, uh huh
The markets have not touched the 200 month moving average since 2009, that makes for a reasonable target. It is now 22,266
Morgan puts recesson chance at 60%, tariffs larger than Smoot Hawley
Stocks have
Professor Elam 
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