On CMC charts CAC40 testing Nov lows.DAX looking at a second...

On CMC charts CAC40 testing Nov lows.

DAX looking at a second retest or triple bottom.

Finally got Laundry's audio files to work.

Long term Dow suggested at 3400 or 2000 based on the work of Hurst.

I can see another way to draw the lower trendline which is not so destructive on the fact that 80 year lows are major and 40 years less so.

That is based on drawing the 1842/1860 and 1932 line through the lows rather than a parallel to the tops.

On that basis the ultimate lows would be higher than those mentioned, but who am I to argue with Laundry who hasn't put a foot wrong as long as I have read his work.

Certainly the oscillators are just reaching towards neutral and as Wink mentioned the other day, the tendency is for oscilllators to reach the same excesses on the nadir as they did at their zenith and vice versa.