Many Elliotticians believe that the US stock market is nearing the end of fives waves up from the 2009 low.  Let’s take a look at several large-cap Dow components for clues, starting with Boeing (BA).

The following is my Elliott Wave interpretation of Boeing stock (ticker BA) utilizing a combination of Elliott Wave and its associated Fibonacci price targets, and Hurst cycle analysis. (Click on the pic to enlarge).

Once the eight-year five-wave impulse is complete, a significant multi-year correction is likely to follow.  A common retracement target would have Boeing stock (BA) returning back to the extreme of wave 4 at one lesser degree (@ 102.10).

This is the first in a series of posts featuring my analysis of individual large-cap stocks of interest.  A combination of Elliott Wave and Hurst cycle analysis will be utilized on each stock. The next post will cover 3M (MMM).

Sid Norris