friday trading, page-126

SB2000

Of course we didn't here.

After the 1987 high the orthodox low was Nov 1992. That was a neat 4th wave correction and the time was 62 months.

62 months has worked since 1982 and suggests July 2013 as the end of this correction. It may be higher but not much if it is.

In fact 1882 cal days from the 1987 high to the 1992 low was repeated as the next low on 13/03/2003 was 2X1882 cal days.

I can't rule out a retest of highs as we are still in the 60 year topping period like around 1970, but the odds of a bull market starting in a "9" year is unlikely. A recovery bounce is certainly on the cards and I suspect shortly that will be the major discussion.