Double tops either happen or they don’t. What our explosion area means is this is the last important time bulls tried to buy the dip as they have successfully done for the better part of the past three years, they got ambushed.
The only difference with this grouping of time windows is huge market turns usually do not start in November. But here’s what I’ve seen happen. Markets can top around this time, rebound at the Santa rally but then double top or make secondary highs right after Christmas
We are in the back end of some interesting time cycles, namely the 144/987-month window we’ve discussed since September. Now they are in the 161-week window off the 2011 bottom and by next week the start of the 610-week window off the March 2003 bottom.
When we have a true bottom with blood in the streets, do money managers go on television and tell the viewers they are pinching themselves with the opportunity or are they scared out of their wits to touch stocks?
An alert sent of mine brought to my attention that this October is going to be Fibonacci 987 months off the 1932 low. Wow! That is bigger than the 2007 pivot I told you about seven months ahead of time.
This is an extraordinary time window as we hit 987 months off of the 1932 bottom and right there at the blood moon we’ll be a couple of days off the 144-month/12 year anniversary to the end of the Internet bear.