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Peter Eliades
Moderator
I called October 1974 a high (lapsus linguae) in the first chart. It was very obviousl a major low.
jilkhan5473
SPX bottomed on 28th October 1974. Top on 08 March 2000 = 9263 days. 08 March 2000 + 9263 = 9th April 2025 which was the bottom.
This is why you are looking at monthly.
April bottom to current top was 88TD. Nothing is broken yet, MACD is still above zero. Most likely rate cuts in September.
Nothing for Bears till October. It will complete Inverted RS. New High? Under the long-term resistance line? Yes
Just like Y2K, pain for Bears now then Big pains for Bulls
Is Peter early?
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I called October 1974 a high (lapsus linguae) in the first chart. It was very obviousl a major low.
SPX bottomed on 28th October 1974. Top on 08 March 2000 = 9263 days. 08 March 2000 + 9263 = 9th April 2025 which was the bottom. This is why you are looking at monthly.
April bottom to current top was 88TD. Nothing is broken yet, MACD is still above zero. Most likely rate cuts in September. Nothing for Bears till October. It will complete Inverted RS. New High? Under the long-term resistance line? Yes
Just like Y2K, pain for Bears now then Big pains for Bulls Is Peter early?
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