DJIA Index Bullish Rally: Just Keeps On Trucking!

Each one of the 5 indices I cover, has slightly different wave patterns for this bullish run.  From the bottom, this rally can now fit into an impulse, (slightly Truncated).  One more wild spike to the upside and this market could break yet another new record high. One other little thing I haven’t mentioned, is that at the top we have a big open gap that one day will still get close off.

Any sudden move to the downside may produce another double bottom type of a move, which would be followed with a potential bullish “C” wave.  Yes, the decline looks like a set of 5 waves, but these 5 waves could be part of an expanded correction still linked to the bull market.

The Nasdaq is the one index that is closer to new record highs than all the others, and the other 4 would have to play a bit of catch-up!  We know that has happened before, so anything that has happened once in any degree level, can happen again.  One minute a SC correction can take 3 years, (1929-1932) and then 5 years later a Cycle degree correction takes 5 years. (1937-1942).  How long something can take to correct is influenced by the solar cycles. The 2008 bottom is a clear example of how our sun can dramatically change the direction of the stock markets.

Betting on bearish cycles to continue after any new solar cycle starts is doomed to fail. All the bearish wave counts of 2009 failed due to solar cycle #24 turning up!  The last thing I want to see is that we learn nothing from the late 2008 solar cycle turning, but I’m very confident that investors will be oblivious to this fact, and stock market history will repeat itself.  Any person that has an interest in the solar cycles should be watching the progression on a weekly basis. Once solar cycle #25 arrives, you will witness a profound change from a bear market to a bull market.