To it, then ...................
1926 - 1929 .............. Blocking out all the noise and cacophony of the taxi drivers, the waiters, the shoeshine boys jumping and dancing in the streets and investors and traders claiming the JOY will go on forever - block it all out and watch the footprint of the collective STUPID ONES on the price chart on M/W/D. Skip real time altogether, which is like a colonoscopy. You KNOW this is a 5th wave, a terminal wave. Why? Because just before it, there was a massively long sideways consolidation with triangle and whatnot, complicated stuff but all of it is a 4th wave. So you go back to the 1st wave in the sequence and project it up from the wave 4 low and boom you have your target for wave 5. 1st target = "5" = "1" ....... most common. If its exceeded, only then will you look for 161.8%, 261.8%, 423.6%.
A trendline thru' the 4th of Wave 5 will give you the line in the sand. When that breaks you cash out and retreat to a castle to enjoy.
Then a few days/weeks later after the first dive, there will be a rally (wave 2) which will retrace 61.8%. Nail that top by throwing cash at it a few or many times with stops. When it sticks, you're on for the long ride Short.. Ride on for 1-3 yrs.
Repeat in 1932 where YOU are the only warrior even bothering to look at the market. All the others are dead or long gone, disgusted, thinking it will never end. BEAR killed 'em all. You surely will know what loneliness is at this point. And everywhere you go with your friends, YOU pay the bill for everythng. that's just the way it is.
Every bull/bear, Same crap, same clowns, every damn time, never changes. MBA, Phd, MTech. Comp. Science, no matter, all get buggered.