A little more on the 1618 cycle I posted yesterday. Unlike price, 1618 days from the 1987 low have not worked all that well however if one starts at the right place half cycles have worked very well. With an 809 day cycle back from 2/11/09 we get a high rate of hits, all on significant lows that resulted in substantial rallies. The smallest of these was 1680 points from Aug07 to Oct07.
Of course it could just collapse in the blink of an eye and whilst my bias reamins bearish I cannot ignore history as per above, nor the historically massive intervention by the Fed to drive the markets upward.![]()
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A little more on the 1618 cycle I posted yesterday. Unlike...
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