I have often mentioned 2007/8 being like 1987/8.Firstly the 4...

I have often mentioned 2007/8 being like 1987/8.

Firstly the 4 year presidential cycle and 10 year decennial cycle match up every 20 years so you would expect similarities.

Secondly we seem here to have a 62 alternating cycle of highs and lows since the 1982 major low.

That topped in Sep '87 and again in May '08 so little wonder we declined hard.

The '87 fall bottomed Nov 11, then had slightly higher lows on Dec 11, Jan 11 and finally Feb 10 or 12. (Too lazy to look it up again)

So far we have a low on Aug 5.

Today is Sep 5.

What would be the chances of getting a higher low today, then Oct 5 and finally around Nov 5.

Nov 4 is US elections and I have mentioned that Nov 6 is 392 cal days, or 1 Armstrong leg from the US top. That is the same length as our 2002/3 decline and the Eurostoxx50 decline in 2007/8.

I guess we will know pretty quickly if today or allowing one day, tomorrow isn't a bottom.