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Lennox International Inc. (LII) delivered 3,689% in profit since 1999 to today. Not too shabby! Investors who just shrugged off the white wave 2 correction still made MASSIVE profits. Should one shrug off the wave 4 correction? IF this count is correct, holding through the correction would still allow the wave 5 profit to pile on!
The blue subwaves of white wave 3 confirm that it's complete or nearly so. The correction has probably already started and red A of the ABC sequence is nearly complete. White wave 4 will probably retrace 38% of whtie 3 but the whole correction could take some time. If there is to be a few years of decline, what do you think the economic situation might be? I believe this white wave 4 correction is a neccessary and a healthy one to make way for the birth of white wave 5.
Legal Disclaimer: I am not a financial advisor nor is any content in this article presented as financial advice. The information provided in this blog post and any other posts that I make and any accompanying material is for informational purposes only. It should not be considered financial or investment advice of any kind. One should consult with a financial or investment professional to determine what may be best for your individual needs. Plain English: This is only my opinion, make of it what you wish. What does this mean? It means it's not advice nor recommendation to either buy or sell anything! It's only meant for use as informative or entertainment purposes.
Please consider reviewing these Tutorials on:
Elliott Wave Counting Tutorial #1
Elliott Wave Counting Tutorial #2
Elliott Wave Counting Tutorial #3
Laddering and Buy/Sell Setups.
Laddering Example with EOS
Tutorial on the use of Fibonacci & Elliott Waves
@haejin's Trading Nuggets
Essay: Is Technical Analysis a Quantum Event?