Elevation of e-wave degree may be required !

Initially when i made the LT sell call in Jan 2008 at 1380, i thought it was a primary degree bear market. Then after the break of 1170 and the CYCLE degree channel, i elevated it to CYCLE degree. Timely elevations and updates are all on my blog. Now here's something that i had not looked at, for the last few weeks. The last CYCLE degree bear market in SPX had it's largest correction during 1973-74, of about 48.5% from it's top, in about 22 months. The current bear has lost about 56% in just 18 months on the SPX. So this qualifies as the largest, fastest drop after 1929. So the odds are we are now dealing with a degree higher than the 70s bear market, higher than a CYCLE degree bear market. I am elevating this to a SUPERCYCLE bear market. Again, this is not what i think. It is what it is. It is what the market is saying. Absolute definitions of degree can be argued, but the relative aspect is clearly visible on the charts and amenable to measurements. That makes it an objective observation, rather than my personal judgement or decree.

Edited by NAV, 05 March 2009 - 12:21 AM.

Hello Nav. So I take it that the ramifications of this are really really bad? Thanks for your posts. Joe

Interesting, I was thinking the same thing: I was ready to call it The Grand Supercycle Top here:

Liquidating Volume

Initially when i made the LT sell call in Jan 2008 at 1380, i thought it was a primary degree bear market. Then after the break of 1170 and the CYCLE degree channel, i elevated it to CYCLE degree. Timely elevations and updates are all on my blog.

Now here's something that i had not looked at, for the last few weeks.

The last CYCLE degree bear market in SPX had it's largest correction during 1973-74, of about 48.5% from it's top, in about 22 months. The current bear has lost about 56% in just 18 months on the SPX. So this qualifies as the largest, fastest drop after 1929. So the odds are we are now dealing with a degree higher than the 70s bear market, higher than a CYCLE degree bear market. I am elevating this to a SUPERCYCLE bear market.

Again, this is not what i think. It is what it is. It is what the market is saying. Absolute definitions of degree can be argued, but the relative aspect is clearly visible on the charts and amenable to measurements. That makes it an objective observation, rather than my personal judgement or decree.

Great post NAV. I still have some lower targets and am not sure about the terminology referred to above, but by the time this ends I imagine it will be the biggest and most deliberate transfer of wealth and power which has ever taken place throughout history.

I watch with keep interest!!!

I have no trades on at the moment, but sense maybe one more leg down, will see.

Good trading.

Initially when i made the LT sell call in Jan 2008 at 1380, i thought it was a primary degree bear market. Then after the break of 1170 and the CYCLE degree channel, i elevated it to CYCLE degree. Timely elevations and updates are all on my blog.

Now here's something that i had not looked at, for the last few weeks.

The last CYCLE degree bear market in SPX had it's largest correction during 1973-74, of about 48.5% from it's top, in about 22 months. The current bear has lost about 56% in just 18 months on the SPX. So this qualifies as the largest, fastest drop after 1929. So the odds are we are now dealing with a degree higher than the 70s bear market, higher than a CYCLE degree bear market. I am elevating this to a SUPERCYCLE bear market.

Again, this is not what i think. It is what it is. It is what the market is saying. Absolute definitions of degree can be argued, but the relative aspect is clearly visible on the charts and amenable to measurements. That makes it an objective observation, rather than my personal judgement or decree.

Great post NAV. I still have some lower targets and am not sure about the terminology referred to above, but by the time this ends I imagine it will be the biggest and most deliberate transfer of wealth and power which has ever taken place throughout history.

I watch with keep interest!!!

I have no trades on at the moment, but sense maybe one more leg down, will see.

Good trading.

Tor..could you explain the "transfer of wealth" ...from whom to who?