happy easter everyone, page-114

PB

As most are aware, I too am a great fan of Armstrong.

However, a study over the last 100 years, says that it is not always a straight US equity indicator.

As you point out, late Feb last year seems to be the turning down point for US financials and would imply a turn up now for that sector.

Because it was peculiar to that sector, it doesn't say overall markets can't decline further.

But when you combine that sector with the other major cycles, it certainly indicates the real chance of signigicant upside.

People have a hard time believing that fixed cycles can rule and must be overcome by the current situations.

Yeh, and I believe I can stop the sun coming up at its scheduled time in the morning if I jump up and down or pay the milkman to stop it.