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.
According to Socionomic theory, social mood turns incredibly angry several years after a financial crash. This one is playing right up to every anticipation I’ve ever had when comparing to the panic of 1907 leading to the war.
Monday ought to be an instrumental day to determine when the low from week 617 is going to confirm. At the moment I am writing this on Sunday night we are exactly 618.5 weeks removed from the Internet bear bottom from October 2002.
Here we go again? Not quite. When it comes to financial markets the sequel usually doesn’t live up to the original. By Friday it was confirmed the blood moon would not be creating any bottoms this time around.
Our major hypothesis for this pullback is an inversion into the 618-week window off the bottom of the NASDAQ bubble coming up in the middle of the month. We are coming to week 617 now so the window starts on Monday and runs through the week ...