The chart has some chilling implications. Correct me if I am wrong, but, it argues for a twenty year decline. Even if we were to climb to DOW 15,000, that would only be a blip on a log scale. Notice how a decade-long stagnation occurs before a decline. That puts us at 2010 before we start heading down in earnest. It fits in nicely with a completion of (declining) Wave A into 2012.
Aj, what concerns me about that chart is the symmetry of the last 2 drops(1929 & 1966).
In both of these the fall resembled the rise in shape and duration....That would imply a fall this time that would resemble a move in between the two previous moves....not quite as sharp as the "29" move but more severe than the 70's
the move from 1982 has been substantial and its reversal will be as well. the fact that we have already had an incredibly sharp downward spike has to be factored in as well
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