There's been a lot of talk about the date 12/21/2012 on the web and elsewhere.
When I enter in the dates and price levels from the $SPX Bear market rally of the last few years,and loosely label them by Elliot conventions, as in the image from one of my spreadsheets (in green)... I get the results in the other graphic at the top, showing 2 nodes very close to 1.0 (like .999) lined right up together on 12/21/2012 or so. A very tight cluster...Interesting...
The convention of 3>1 and 5>3 stands for 'wave 3 compared to wave 1' and 'wave 5 compared to wave 3'
Any of you who have kept up with Martin Weiss's research,knows that their recent webcast also talked about a late 2012 cycle bottom.
2 comments:
Hi Mark,
Maybe holding onto my shorts until then may not be a bad idea...
;-)
Cheers
Good Trading
Hi Hopper,
Some current long term investors could probably do less harm to themselves if they if fact did that! Better than staying long for the next few years...
Regards,
Mark L.
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