Thursday, September 22, 2011
09-22 Droke updates info from Kress
Mr. Kress believes that for a more practical contemporary evaluation, the 6-year secondary direction cycle is more effective. He writes, "The 6-year peaked in early May at the height of our 'debt crisis,' a continuing indication of the systemic problems. Historically, the peak of the second 6-year is higher than the peak of the 12-year. However, May's 6-year [price] peak is significantly below the 12-year cycle's peak." He adds that the declining Mega Cycle of 120 years is clearly taking its toll.