JOne time it must be more terminal.After the 1970's bull it was...

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One time it must be more terminal.

After the 1970's bull it was all over.

After the 1980's bull we all agreed that a serious bear must ensue.

Then we had the '90's bull and that was longer but not as powerfull so that was it.

Then we had this ridiculous "naughties" bull to create a blow off.

Like Neely, I really don't believe in EW on a long term basis unless you take constant dollar figures.

I believe we will have a 2010 decade rally and a 2020 decade rally.

I do suspect that we have some difficult years ahead, although new highs are probable, with the next bull maybe not taking off till mid 2013 probably.

I do like your 4780 as around 4758 was my target.

And of course I like 2009/10 as the ultimate top here before a 2013 probable low.

My only advice is that you don't fight the market. I have always been surprised by the degree of upside and forget the number of times I have said, "It just can't keep going up".

Indeed it can, and probably now I see it it in purely percentage terms, it will plummet.

We may have a hundred years bear, a super cycle, or whatever, but that is too hard for me.

I guess I will let the ma's decide.