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Thursday, September 26, 2013

So,what happened to the Bear?

The Bear is still hibernating, a lot of analyst's have  gotten this wrong since the March of 2009
and it's probably Taboo to mention such a thing, after all whom wants their retirement portfolio's
to decrease in value....No-one! Some believe that the Bears are destroyed, and President Obama and Big Ben have their backs covered.
The fact is job 1 of the Federal Reserve is to protect the banks from failure and if  'creating liquidity' is
the answer that's what the Fed is going to do. There's plenty of web publishers with 'views' on the subject,my point here is that the' laws of nature' will intervene when the Timing is complete.

So when is 'The Timing' going to be complete?
Market psychology tells us when almost no one expects it. That applies to even the Gann enthusiasts.
But make no mistake about it,studying the subject of the 'Square of nine' or the Square Spiral is the only
method that will point you to 'probable' turning points in time. Fibonacci works well with retracements and projections of price . A person ( and many people) use Fibonacci for time projections but I've  found that sometimes it works as expected, and some times it doesn't.
Trevor Casey's book "The Square Spiral" is a most excellent book of the studies of cycles, but be fore- warned it's fairly heavy in mathematics's as  the main purpose of the 'treatese' is scientific proof that it indeed works.
Another excellent book on the subject and an 'How to use' the Square of nine is from Patrick Mikula's
" The  Definitive guide to Forecasting Using  the Square of Nine". The book was written as a companion book for his software but it still helps in understanding how it works.

They are both fairly inexpensive and can be found at Amazon. till later,Hillman (p.s. the wave 3 of the 5th
wave up turned at 113 weeks.)

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