friday fumblings, page-61

Slave

We know that car loans are next followed by credit card defaults.

We know that there is an obvious decade cycle.

Here are the Aussie tops.

1929
1937
1951
1960
1968-1973 Multiple tops.
1980-1981
1987
2002

So we are through the best part and a major top can be from now to even 2013.

History shows that from now till the major top if it isn't already in will be much more volatile than the period from 2003 till 2007.

I believe Australia is repeating the late '60's so we will probably have more than one big down move over the next 7 years or so. That was a time of resource boom.

Bollinger bands on our complete history suggests a move into the 4,000's once and if 1974 repeats then much lower.