The other best part is how the current market had mimicked the 1942-1970 rally with the 1982-2000 rally and the resulting corrections are similar, even down to the false breakout after an 8-year sideways pattern, followed by a 50% correction.
We could still be going sideways to mimic the late 1970's, but the Central Bank's collective $10 TRILLION buying spree has kept assets afloat.
I go by this assumption
even my dog is lying, especially when he steals food
Math does not lie!
With silver and gold being suppressed as they are very good at wealth preservation, it is now a matter of time for the FED to make a significant move. Russia has now officially declared war against America. They are coming out swinging with little jabs at US right now, things like dumping their US bills and switching to buying BRICS debt. Now Syrian airstrikes, people are scared. So yeah, market will drop, and that drop should have been in real terms to 200, but the dilution will make it appear as if things are still improving.
Houdini would have been proud of our beloved Ben & Yellen
According to this chart, we are entering a correction phase. MACAO down, signal down. MACD is too slow, thats why I use MACAO
I'm going to write a script shortly to adjust for the Money supply against the index, we'll see where we actually are.....