Very interesting analysis found here: http://breakpointtrades.com/controls/preview.php?nl_id=294
Author claims that there was one Elliott cycle 1929-1975, and another 1975-2008. We finished this cycle now we will have a first wave up, second wave (within 4-5) down, then a huuuge 20-30 year long third wave up. Take a look at charts.
