The just-published Elliott Wave Theorist warns of a historic juncture in the U.S. stock market with stunning charts and analysis. Find out how you can access this latest issue of the Theorist below.
First, let’s focus on tech stocks, which many investors expected to keep going up and up.
Now, their portfolios are bloodied and bruised in what has come to be known as the “tech wreck.” This Sept. 4 headline gives you an idea of the damage (Reuters):
Nvidia suffers record $279 billion loss in market value as Wall St drops
Our July Elliott Wave Theorist warned of an accelerating downward trend with stunning charts and commentary:
The NASDAQ 100, the most representative index of mania-centric, computer-technology stocks, traced out a five-wave impulse from its low on October 13, 2022 to its high on July 10, 2024. As shown here in the chart, the rise adhered to an Elliott-wave trend channel.

Nvidia: A Classic Case of Linear Extrapolation
The reason people pile into financial manias near tops is that they think the trend will never end. Last month, an Nvidia spokesman announced that the mania for stocks of companies that make chips to run AI is “just at the beginning.” Look at the chart. Wouldn’t that statement have been brilliant had it been made in 2015? But no, we heard it after Nvidia had risen nearly 600,000% to a value of $3.4 trillion, which is more than the value of Apple, more than Microsoft, more than the entire stock market of France, more than the entire stock market of the U.K., and more than 12% of the U.S. GDP for 2023, and after the head of the company became such a celebrity that he is called “the Taylor Swift of tech.” But hey, it’s just getting started.

Is the “tech wreck” a buying opportunity, or is there more carnage ahead? The new Elliott Wave Theorist takes our analysis of the U.S. stock market way further. You’ll be glad you learned every detail of our analysis, which will put you ahead of the crowd. Follow the link below to access the new Elliott Wave Theorist now.
Did You Dodge the Tech Wreck?
How linear extrapolation of a trend can severely damage your portfolio
Many investors thought there was no end to the upward rise in technology stocks. That type of mindset can be hazardous to portfolios, as we have been seeing. Now, it’s time to learn what we expect next for the entire stock market.
Is the “tech wreck” a buying opportunity, or is there more carnage ahead? The new Elliott Wave Theorist provides a perspective on the stock market with eye-opening charts and “must read” analysis. You’ll be glad you absorbed every insight, which will put you ahead of the crowd. Follow the link below to access the new Elliott Wave Theorist now.