I just counted some waves on the DOW from the November low, and I see us possibly at the start of a big wave 3. Psychologically it is when the investors reach the point of realisation.
The count is as follows:
Wave 1: Mid November to Mid December 2012
Wave 2: Mid dec to early January
Wave 3: starts like a horse at the races, character of a wave 3
Here wave 1 of the 3 is Jan to Feb
Wave 2 of 3 is Feb to March
Wave 3 of 3 started late Feb up to now
Next we correct in a wave 2, then it is wave 3 of 3 of 3?
This would project much much higher levels. Rates are rising, fed is pumping, bonds are falling, economy is recovering, currencies are being devalued, cb's all around the world are pumping paper everywhere on a daily basis, Japan is aggressively devaluing.
This makes a lot of sense.
Slowly approaching the
Started by
fluid
, Mar 13 2013 04:54 PM
1 reply to this topic
#1
Posted 13 March 2013 - 04:54 PM
#2
Posted 15 March 2013 - 08:22 AM
For the growth arguments...
http://www.businessi...ust-view-2013-3
Not much to really expect, it appears... although perhaps a cyclical growth is coming in a year...
http://www.businessi...ust-view-2013-3
Not much to really expect, it appears... although perhaps a cyclical growth is coming in a year...