are the bulls back, page-50

I feel very sheepish as someone mentioned my long term buy and hold chart the other day and I was going to answer later and now can't find it. My mind is a little(lot) feeble at the moment so please indulge me.

I am a bit perplexed by Laundry's call for a good market move into August 2010 while I think 2010 will probably be nasty.

Ok so my call is based on the standard cycles I have used for years but the "twice a decade buy and hold" indicator or monthly Slow Stoch says "yes" we have an important low but what comes next!

I think that the recent low is similar to the late 1987/early 1988 low which although it was the extreme price low, was not very profitable until the next bi-decade buy signal after the Nov 1992 low.

That does allow for a 18 month weak rally followed by a 12 month bear market or even two.

That would match with my thoughts for a July 2013 low or even a 2012 date.

Below is that XJO monthly with the SS showing its wares.

So I am being cautious. I would still love to see a top into early Sep, a sharp decline, a rally and then a 12 month decline, then 12 months up then another 12 months down, sort of.

Nothing is ever a perfect repeat and rule #1 is not to fight the market.