XJO 0.25% 8,160.0 s&p/asx 200

1929 crash great dep vs 2008 gfc myths busted, page-15

  1. red
    1,753 Posts.
    AFP,

    This is the post:
    http://www.hotcopper.com.au/post_single.asp?fid=1&tid=1083620&msgid=6052239

    As many on this thread are aware McLaren classifies counter trend moves according to first degree (1 to 4 days), second degree (7 to 12 days) and cyclical (90 days or Gann based divisions thereof) but the analysis can be applied to higher timeframes and supports the premise of markets as a fractal... So as you move from daily to weekly charts a 1 to 4 day counter trend is unlikely to show up but a 7 to 12 day move will show up as a 1 to 4 week move and a cyclical daily move will show up as a 7 to 12 weekly move etc.

    I'm just looking at the current chart and applying these principles onto higher and higher timeframes (monthly, quarterley, yearly) so when I sit back and consider the fundamentals I don't see any reason why the market won't churn in such a way that in time we find that it has printed a 7 to 12 year counter trend move... When I looked at the range of possible timings for this scenario I found that it has quite a close match to Ferrera's longer term cycle analysis.

    In terms of fundamentals these video's are close to a lot of my thinking.... This guy makes an error (imo) in his explanation of the financial system but it's nothing that would change the conclusions. The main weakness in this guy's work is that he doesn't have any means for accurately predicting the timing of his conclusions but that is perhaps where TA and cycle analysis can assist...

    http://www.silverbearcafe.com/private/08.09/crashcourse.html
 
watchlist Created with Sketch. Add XJO (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.