thursday thoughts, page-29

reading that article by Martin Armstrong you would have to say the 400 target for 2011 is wrong. According the Armstrongs cycles such a collapse is inevitable but not just yet. He suggests that the US empire peaked in 1999 and we may never see such highs in the US again but a period of 72 years usually follows such a peak before a phase transistion (total and quick collapse). Also his group of 6 armstrong cycles (51.6 years) suggests that in the long term scheme of things we may be at a 1929 equivalent juncture in around 2032. So one of those 2 dates I think may be more likely for a DOW 400 reading.

some of his concurrent waves do however suggest that things may be rather nasty around 2011/2012