Where are we on the S&P500 and all the other major indices in this bearmarket?
In this article and anlysis we have looked at the Dewey cycles projecting them in the future from the major tops and bottoms of the S&P500 in the past, and will help you in determining any future tops and bottoms.
In this chart the 53,28 and 106,56 months Dewey cycles are displayed indicating the bearmarket will not have found a bottom until June 2009. This could only be a temporarily low, after which the bearmarket
could retrace for some time and then continues the downtrend into 2011 to complete a full ABC wave structure. We will have to see how this bearmarket develops.
Any way, do not expect a bearmarket low just yet, cycles and fibonacci ratios indicates a further downtrend. Allow for a monthly chart forecast for a deviation of 1 month. Note that in January 2009 we will likely have an intermediate bottom/(high?).
As the global market indices behave in concert, they belong to the same family group, expect all other major indices to behave in the same manner. We will post more analysis on the FTSE100, DAX, and many other indices around the world to show this too you.
Keep posted and come back to this blog. Forward the link to this blog to all your friends and collegues who might be interested in our analysis.
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