Zeev's Turnips Patch-No Politics (ZEEV)

[porter]

Zev—

I understand the gold and dollar connection. My problem is that I do NOT buy the rise in gold at this time. I see rather the dollar basing and then rising for several months thus neutralizing gold. As of today the Fed still has more money than you.<G>

Of greater interest is how the e-wave count is not conforming to this massive fall that the Bears are expecting. Perhaps the initial premise that we are NOW in a primary bear market is incorrect. Here’s an alternative count:

We did NOT complete Super cycle Wave 5 in the year 2000. We merely completed Wave 3 of Super cycle 5.
We are NOW completing Wave 4 in a normal Bear market. Then we should get a rise to an all-time new high. Then AFTER the next election our primary Bear market will kick in. What is being interpreted as the beginnings of a cyclical Bull may be merely Wave 5.

Regards,

--Neutral

P.S. We should decline in here to 7900+ before rising again to 9100+.