The trader in me can't help but to notice the emotional component to the COVID response in the US. There is a large amount of altering panic and denial. This results in rapidly altering between tightening and loosening social distancing measures. With a several week timelag, this results in more and fewer new cases. Pumping like price action on a hot stock. Experts including Fauci are predicting that in the not so distant future we are going to see days with 100,000+ new cases of COVID in the US. Looking at COVID as an Elliot wave this would mean extension to about 2.168. This is not meant to be a prediction or time line. Just interesting that these numbers are lining up. Admittedly, yes, amount of testing is going to play a roll in this. Similar analysis with death rate shows a similar pattern. From here it seems like COVID is going 3 wave in the US.
Great Chart back in July. What does the Elliot Wave count look like today with the US Covid totals ?
BlueDog624
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@legosrock2255, Thanks... here is updated data up to 11/2.
BlueDog624
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@legosrock2255, With much of the focus on the election there seems to be little attention paid to mitigation measures. As the holidays approach, maintaining social distancing is going to become increasingly challenging for everyone in the US. I think we are solidly in a denial phase of dealing with this virus and fear daily rates are going to surpass 100,000 per day. Thankfully, case-mortality rate seems to be lower and I hope the decreased mortality rate continues as much of the country sees cooler weather.