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Strategies & Market Trends : Classic TA Workplace

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To: jan_vandermeer who wrote (47929)	7/28/2002 8:53:22 PM
From: skinowski	Read Replies (2) of 209892

For trading purposes all this is not very relevant, but I’ll go over it briefly, using Prechter’s “Tidal Wave” book. He spliced British and American stock prices and came up with the ‘big picture’. The current Grand Supecycle started God knows when, but the South Street Bubble in 1720 was the top of Wave 1. What followed, was an extremely hard and dark period, which lasted until it reached a final low in 1784. This was the bottom of Wave 2. What happened after that, was a great advance of unprecedented proportions, the Wave 3 of a Grand Supercycle degree. The top of 3 of its 3 is something we might be dealing with right now. The decline of 1929 – 1932 was a Supercycle correction (NOT Grand). Everything that followed since then IS 5 of 3 (of Grand). The potential horror of this current situation is that IF (IF) this count is right, we MAY be facing a Grand Supercycle degree correction – just think about it – one degree greater than the Great Depression. Something analogical to the very bad 64 years back in the 18th century. Make of it what you will, just don’t shoot the messenger… g.

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