Cycles are a tool and should not be used to the exclusion of other tools. There is always the possibility (high probability long term) that the data will be misinterpreted or a relevant fact over looked. So use cycles to check your analysis, not as the only reason to make a decision. Interpretation is the opinion of the author and may be incorrect and should be viewed in that light.
Saturday, January 11, 2014
The 1929 analog
Does the 1928-1930 tells us how 2013-2015 will look? McClellan gives us a chart:
A 1929 type drop is highly improbable. Wrong focus of author leads to credibility loss. This market could have a pullback at any time but anything greater than 10-12% would be shocking.
http://static.safehaven.com/authors/ticker/32368_b_large.png
ReplyDeleteGot get that updated!
ReplyDeletehttp://a.disquscdn.com/uploads/mediaembed/images/784/8221/original.jpg
;-)
Inlet,
ReplyDeleteThanks.
A 1929 type drop is highly improbable. Wrong focus of author leads to credibility loss. This market could have a pullback at any time but anything greater than 10-12% would be shocking.
ReplyDeleteWhen was the last time there was a movie called "The Wolf of Wall Street"? Just saying....
ReplyDelete