dethending thursday, page-97

Our market pattern looks like it needs another low but many years ago I got sick of waiting for that one leg to complete which never came. There's always a hook to keep you wrong.

Not saying it can't still do it but its busting to break up and if it does on a closing basis then 4500 is obvious IMO.

Someone was asking about 40 year cycles.

Like all cycles they are often fine tuned by shorter cycles.

So a 40 year cycle low is due around 2012-14 like 1932 or 1974 or 1892/4(I haven't the chart in front of me).

The fine tuning comes from the presidential and decennial cycles which everyone is familiar with.

That call for tops in year 7 and a final rally in year 9 and a low in year 2 roughly.

Look at recent bear lows.

1974/1982/1992/2003.

SO 2013 still suits me fine at this point, but if we contine down at this rate we hit zero in a year of two so a major bounce or several bounces seems necessary before then.