The Dow Jones bottomed on March 6th, 2009 at 6,469 in a trauma type of a bottom and then surged higher. It has been surging higher ever since. I remember that day very well. The talking heads on CNBC had this “deer in the headlights scared look” wondering if they should run out to buy guns and canned tuna.
I was looking for something else. My mathematical and timing work showed that the market would bottom on March 7th around 6,550. When it was all said and done I was 1 day and 100 points away. Good enough.
Today, the situation is reversed. Instead of looking for the bottom we are looking for the top. While most market pundits, financial advisers and money managers expect this bull market to continue for the foreseeable future, I will leave you with this…..
1924-1929, 1932-1937, 1961-1966, 1982-1987, 1994-2000, 2002-2007 – all bull markets that terminated EXACTLY at 5 years.
Will it be the same for our 2009-2014 bull market, are we at a turning point?
Yes, we are. If you need more information and if you need to know the exact structure of the upcoming bear market (2014-2017) please Click Here.
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