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I was downloading all the OS index charts today which I dont look at often enough and when I looked at a LT 40yr SPX & DJIA chart (NASDAQ similar) we see large double wave seq between 2000 to 2009 then this massive run and the recent large correction and under normal past observed patterns one has to conclude the game is over. Odds favor main trend change has happened and this recent rally is a countertrend gasp. Thats unless some new never before seen era of mkt buoyancy is about to happen.
UKX also had a very weak run during that period from 09 to 20 which might be signalling things ??
I was also going thru some papers and found the DJIA forecasting curve I did almost exactly a year ago when I was trying to figure out the mathematical reason for it doing that persistent slow rally sequence last year and noted the mathematically generated forecast it did is reasonably close to what we have seen in the past year in the mkt, and predicts the next 5 years movements.
Would like to hear what MTU thinks of the tech stk charts.
SPX
ReplyDeleteI was downloading all the OS index charts today which I dont look at often enough and when I looked at a LT 40yr SPX & DJIA chart (NASDAQ similar) we see large double wave seq between 2000 to 2009 then this massive run and the recent large correction and under normal past observed patterns one has to conclude the game is over. Odds favor main trend change has happened and this recent rally is a countertrend gasp. Thats unless some new never before seen era of mkt buoyancy is about to happen.
UKX also had a very weak run during that period from 09 to 20 which might be signalling things ??
I was also going thru some papers and found the DJIA forecasting curve I did almost exactly a year ago when I was trying to figure out the mathematical reason for it doing that persistent slow rally sequence last year and noted the mathematically generated forecast it did is reasonably close to what we have seen in the past year in the mkt, and predicts the next 5 years movements.
Would like to hear what MTU thinks of the tech stk charts.
Is worth to review this long known cycle in terms of whats happened and is still unfolding since January.
ReplyDeletehttps://www.financialsense.com/contributors/christopher-quigley/kondratieff-waves-and-the-greater-depression-of-2013-2020
thanks
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