Actually even after Oct '87 the MACD had not fallen much and took 3 years till the 1991 low to be a good buy.
The 1991 low was a higher low by about 25/30% compared to '87.
That MACD will get down and it will take 3 years probably whether now or later although it doesn't mean 3 years of bear, just a basing or mildly up phase.
The 2X62 monthly cycle here still suggest July 2013 as an equivalent of Jul '82 Nov '92 or Mar '03 as the next best time to commit all to shares.
Till then we may get a new peak but nothing will be as easy as it has been IMO.
face down friday, page-154
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