Like this Shack and I have showed this before, like a couple of months back (originally). May have to rejigger my A of [B] because I don't actually have the SPX topped yet.
I got the idea for this from some kook cycle work I follow that is really very good. I then used time cycle fibs to hit the big turns.
I am of current opinion there are too many LT bears around, and this in itself means the total doom scenario will not come to pass. We are just in a huge ABC correction here, that will take some years to complete. Additionally I believe the fed is going to be successful in reigniting the economy, via their money pumping, and POG is confirming this to be the case. POG is only just beginning its climb. Reignition means an inflationary scenario.
Thank God for ABC's and thank God for letting me have the ability to learn a little about how to play them. We have more chances to make money over the ensuing years than most folk do in several lifetimes.
Right now I am in love with this chart, just going to take it as it comes and act accordingly, if it plays out. I think some of indice charts already confirm this possibility to be very likely, in that the first legs down were not very good [1's], and better [A's].
I might note I think the markets top earlier than most think, right here, but I don't think they tank. I am for a slow bleed and a good hard knock down just before election, to compete the a of this upcoming B down. Then we rise post election and on into '05, which would be a b, only to get knocked down to a nice low towards end of '05. From there the blast up to complete the [B] will have Olson howling once again.
If this does come to pass, this chart also says that shorting should be done with some care, until we complete the [B]. So far this is what I have done on my USPIX plays of recent, and it has worked out quite well.
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