75% Retrace in a Bull Market giving very Positive Risk/Reward - Trade for the Long Pull as an Outside Speculator
2008-9 was the 6 year low.
2009 a 60 year generational low (like 1949)
Late 2010 was the 4 year low.
Late 2011 will be a 9 year low.
The 4 year, 6 year, and 9 year cycles are not due to top before Spring 2013 and both have a long way to go on the upside with an SPX target in 2-3 years of 1750-2250.
75% Retrace off the 2010 4 year low is SPX 1104 +/-
Bulls now risking only 80 points to make 650-1150 points.
2009 a 60 year generational low (like 1949)
Late 2010 was the 4 year low.
Late 2011 will be a 9 year low.
The 4 year, 6 year, and 9 year cycles are not due to top before Spring 2013 and both have a long way to go on the upside with an SPX target in 2-3 years of 1750-2250.
75% Retrace off the 2010 4 year low is SPX 1104 +/-
Bulls now risking only 80 points to make 650-1150 points.
posted by chartblog at
10:15 AM
4 Comments:
Any potential impact through October and the following period?
Carl Johan Calleman - "The beginning of the Fourth night of the Ninth Wave of the Mayan calendar system":
http://www.calleman.com/content/articles/Beginning_4thNight_9thWave.htm
Noted a few good analysts potentially looking for SPX 940's or possibly lower prior to the end of the year/early next to complete technical patterns, the 9 year low, and/or time periods associated with George Lindsay's work.
It is much easier for me to make money in a bull market but I do have my concerns that George Lindsay's bear phase periods and Hurst cycles may interupt the bull party until later this year or possibly next year.
Hello Dave,
The same question as I left for you in last post, but different wording.
Is a bearish key date when down move starts or ends?
Thank you
Eddie
The spiral calendar window for mid-August appears to have been timely.
http://carlfutia.blogspot.com/
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