
| Excerpt from October 17, 2008 update...Once PRIMARY wave C (and CYCLE wave B) is complete, CYCLE wave C will begin. CYCLE wave C will be the final wave of the current SUPERCYCLE. Given the various time relationships within the SUPERCYCLE wave, it is likely that it will last until 2016. Pricewise, it may seem laughable now with the current market in turmoil, but 8 years from now we could see the DJIA at 37484 or even 60650. Why? Because the gain in the next CYCLE wave C should have a mathematical relationship (1:1 or a Fibonacci multiple) to the first CYCLE wave A. CYCLE wave A rallied from 40.56 to 195.59, a multiple of 4.822x. If the recent low holds for PRIMARY wave C, then 7773.71 x 4.822 = 37484...4.822 x 1.618 x 7773.71 = 60650. These numbers do seem incredible now, but the percentage gains are not unusual for CYCLE wave bull markets...especially bull markets that follow bear market flat patterns (flat corrective patterns imply great strength in the succeeding wave). The United States, its economy and the stock market have undergone turbulence and great difficulty many times during the current SUPERCYCLE, but they have always managed to rebound. I don't think this time will be any different. The time to worry will be when the SUPERCYCLE comes to an end. March 2009 supplement...With the March 9th new intraday low, the calculations are slightly revised as follows: 6440.08 x 4.822 = 31054...6440.08 x 4.822 x 1.618 = 50245. Fibonacci time relationships suggest that the SUPERCYLE will last until 2016 or 2021. |