I commence with my gratitude to The Ultimate All-Knower.
In my previous post of long term time cycle, I referred to a 70 Time Cycle. One of the Gann’s most favorite time cycles, to which he referred as the Master Time Cycle, which is 60 years time cycle and its division thereof.
It can be interpretted in two ways, in my opinion.
For example, one way to look for a CIT or reversal is to look at 60 years from a Major top and bottom of the market. Another interpretation, I hold is that look for what occurred 60 years ago. Therefore, I went back and looked at the 1951. The market energy prior to 1951, also looks somewhat similar to the our current market, in terms of waves of energy. Such as, start of bull market after a bottom of 3 years bear market in 1949, and during said bull market, a big correction in June/July 1950 and market exceeded the top of the June 1950 correction, and kept going higher!!
If that postulation is true, then, I ought to be watching these time cycles as noted in the chart attached herein.
If not exactly the same price patter, then time cycles noted here would bear great importance in the future.
What does that mean for the market??!!!
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