thursday up down and sideways, page-37

red

I find it hard to believe myself, but often what seems least likely happens, so I watch it till it is obviously wrong.

I am a believer in 20 year and 40 year cycles, but if one was to consider a 60 year cycle then he is correct.

As a general rule years ending in 7 are the momentum peak and years 9 or even into 0 are a slight new high or lower top.

The exception was 1949 as the start of a bull market so if there is a 60 year cycle then the 2009 low qualifies as a major bear market low.

So far there is nothing to suggest that is the case, and everything seems to suggest we have peaked or are peaking albeit with a choppy to down year.

SF's idea of a Sep peak is OK with me but more so as a rally not new rally highs. If he is correct then perhaps that does validate a new bull market.