Herbalife, HLF, Elliott Wave Fractal Comparison. Possible wave 4
"Beautiful Pictures from the Gallery of Phinance", Robert R Prechter Jr.
Copyright 2003 Robert R Prechter Jr.
Pages 18 & 19
The drawings I've added to this chart are directly pulled from page 19 of the book mentioned. The original charts referenced are the DJIA from 8/24/1921 to 09/03/1929, and the second chart in the comparison is the DJIA from 12/06/1974 to 01/14/2000. The similarities are many.
The reason why I took interest in this chart is because I noticed a huge boom in social media marketing by Herbalife distributors, pushing their products and heavily recruiting new customers and new distributors. The chart immediately reminded me of the Elliott Wave Fractal so I decided to compare. It looks good and I am assuming a long to somewhere near the $80 - $85 range. I don't want to get too specific but I expect the final waves (4 & 5) to end sometime near the end of 2019, roughly 12 months from now.
Copyright 2003 Robert R Prechter Jr.
Pages 18 & 19
The drawings I've added to this chart are directly pulled from page 19 of the book mentioned. The original charts referenced are the DJIA from 8/24/1921 to 09/03/1929, and the second chart in the comparison is the DJIA from 12/06/1974 to 01/14/2000. The similarities are many.
The reason why I took interest in this chart is because I noticed a huge boom in social media marketing by Herbalife distributors, pushing their products and heavily recruiting new customers and new distributors. The chart immediately reminded me of the Elliott Wave Fractal so I decided to compare. It looks good and I am assuming a long to somewhere near the $80 - $85 range. I don't want to get too specific but I expect the final waves (4 & 5) to end sometime near the end of 2019, roughly 12 months from now.
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