After reading some great posts on the thoughts of Serge and Pug Thursday, I thought I would throw this analog out there. This one has been in the back of my head for a few months, and is one reason I’ve tried to lighten up a bit on the bearish side. I am not trading off of this or any other analog, just keeping it in the back of my head along with all the others.
If this panned out, it would be like a strung out version of the 1960’s. The pattern we are currently in could take a few years longer than it did in the 60’s. Elliott Wave wise; this is sort of like what I think Pug is projecting. ((We could also be in an X wave right now from the 666 low after a big A-B-C from 2000-2009, and possibly break the 2008 high to conclude the X wave. What could follow is another mess of A-B-C crash-rally-crash (or just painful sideways motion) that could last until 2020-2025)).
I believe that Prechter’s P3 then P4 and P5 is actually the quickest and easiest way this whole mess could end up in terms of EWT; unless the A-B-C from 2000-2009 ended the correction, and we are now in a new bull market. To be honest, I think there are better ways for me to spend my time honing my trading skills than worrying about EWT long term. No matter what happens, EWT will find a way to be correct in the end!
One theory I have is that I may need to impregnate a willing female sloper, which could possibly start the beginning of the next and final big sell off. When the slope-love-child is born, we should all probably dump our shorts and go very long for the remainder of our lives.
If any slope-babes between the age of 21 and 52 are interested in the creation of my spawn, please leave your contact information in the comments section below. This offer is also valid for Bloomberg’s Deidre Bolton and CNBC’s Amanda Drury.