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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives -- Ignore unavailable to you. Want to Upgrade?

To: GROUND ZERO™ who wrote (55747)	11/30/2013 12:11:31 AM
From: Vitas	Read Replies (1) \| Respond to of 218583

In a very vague, general sense sort of way, this is what I am looking at. The comparisons between now, and the move from 03 to June 2007, are very similar now, in some ways, in this indicator graphed above, the Coppock 140 in green and 280 in red. There are "waves" up that can be observed from 2003 to the 2007 top, and similar waves can be counted from 09 to now, maybe into 2014. 7 Waves in the green 140 indicator. 5 Elliot waves is a myth. -g- The initial drop in the Coppock 140 still showed latent strength well beyond that. Many months. We are not close enough yet. Could be a 10 % drop right off the bat in January. Way too early to guess now. After that, another new high. Then maybe followed by a 20% drop. The key to understanding the severity of the 08 - 09 decline and the 1987 "crash" and the 1974 bottom, along with the 1938 bottom where the market declined by 50%, is the Real Estate 18 year cycle. That is now out of the way. We may get a 20% decline later in 2014, after we first make a new high.but I think that the major drama is over. HoHo, IMHO, and all that.