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I recently finished my first reading of The Elliott Wave Principle, by
Frost and Prechter.
There are some interesting number progressions, which indicate market
highs, and lows (Chapt 4).
Perhaps these have been mentioned here previously...
The 8, 9, 10 yr cycle, suggests major highs in 2000, and 2010.
Historic: 1902, 1910, 1919, 1929, 1937, 1946, 1956, 1964, 1973,
1983, 1991, 2000, 2010
There is a 16, 18, 20 yr cycle which suggests a major low in 2003.
Historic: 1913, 1933, 1949, 1967, 1987, 2003
There is also a minor low predicted in 2011, based on a 16, 18, 20 yr
cycle.
Based on this.
A (longer term) true believer might stay short until the horrible
bottom of 2003, then go long until the heady high of 2010.
LAP
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