The Chart du Jour
Sometime ago in early May we put out the chart above of the Nasdaq Composite Index for subscribers with red and blue arrows drawn as above. Since then, the Nasdaq has dribbled lower, but seemingly, both possible paths for the Nasdaq remain open.
As of today, and for cyclical reasons described in far more detail in our August subscriber-only article (accessible to subscribers here) we now strongly favor one path over the other.
In this article we also outline our long-term cyclical thoughts on the equity market all the way out to 2015 with specific prognostication for significant highs and lows along the way. We also tie this analysis into the longer term price cycles of Kondratieff analysis.
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