[V] update

In the backlink, Visa shares were trading at $257 pre 4:1 split and my model suggested that it had peaked.  Since then it actually peaked at about $280.  The chart is bumping up against the upper rail but without being able to break out.  I count these as the ending waves of 5 of 5. 

The red model below is what I would envision will happen in Avi's model and the blue is of course tied to the EWI scenario.  Both are quite possible at this point.  Once the peak is finally in we will be able to get a good handle on which it will likely be from the character of the waves.  The EWI scenario will move very quickly and will consist of 5 wave down, perhaps a full mania retrace.  The Avi scenario will probably be more of an a-b-c to the level of the prior 4th.  If Avi is correct, share prices will not go up because of real earnings, it will be due to the arrival of massive inflation.  In fact, shareholders are likely to lose  purchasing point in aggregate.  In other words, today 1 share of Intel is in the low $30 range and lets say that buys a tank of gas for a small car.  When the inflation hits, the shares might hit 130 while being unable to buy the same amount of gas as before.  Dollar count means nothing; purchasing power is what counts.