Dow Jones priced in Gold's lessons to the those who would listen and pay heed
Dow\Gold (created by AfterLos using Ratio Analysis in Metastock's Downloader) has called every bull-market TOP and BEAR-market BOTTOM since the data started, 1921
The 1929, 1966, 1999 Tops were all called by Dow\Gold
The 1932 bottom of the Great Depression was also called easily
The 1974 killer bear-market of giant frustration to all - notice how Dow\Gold went up and then went back down to complete the BEAR in 1980 and thereby announcing the start of the greatest bull-market that started in 1980-82
Dow\Gold topped in Sept. 1999, Dow\$ topped 3 months later in Jan 2000.
Now notice the MASSIVE DIVERGENCE between Dow\USD & Dow\Gold
Yeah baby, sooner or later Dow\USD aka Dow in nominal US Dollars gonna have to respond and it won't be pretty as he gots to play catch up to what the SUPREME COMMANDER aka real-money GOLD has preordained
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have no fear.... the PPT is always near!
Another thing I noticed about Dow Jones monthly and is something I was waiting pay-shuntly for:
The 2011 drop when taken as one wave and Fibo-ed upward gives 2 targets, 161.8% and 261.8%. I noo it could not possibly be a top at 161.8% because of the fact stated in the previous post that wave equality is common in the Dow Jones - meaning that at 161.8% there would be no equality between waves A and C, not even close, so elimination was a no-brainer.
Therefore for months and months I noo that 261.8% had to be the real thing.
July 17, 2014 was when Dow Jones struck the 261.8% level and hesitated.
Is there any guarantee I'm right?
No.
Yes, that too, see reason in chart below.
Explanation for those who might not get it (don't worry, no criticism from me) ..... credit boom from 1974 to 2014 dwarfs the credit boom of the 1920s by a whopping amount. Therefore the Debt Deflation that will result this time will dwarf that of 1929-32. Hence he name, Greater Depression
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