Kondratief Wave

Just in case you forgot where we are in the course of human history,
I think this is a GOOD REMINDER

We began slipping into the winter of our discontent in 2001,
and now we are feeling the full brunt of winter and will continue for a
number of years

Just look back at the last one to get a feel for the nature of the beast

Fortunately for option and now ETF's players, we have an edge

We will know when its time for a change when Your/ My neighbor who knows nothing at
all except mutual funds comes to us and tells us about investing in a great
new product called 3x reverse ETF's

20 years ago, i was in an industry that was marketing mutual funds and term insurance
you couldnt get people out of their guaranteed 4 % whole life ins product

NOW its 20 years later, and LAST YEAR before fall ,I couldnt get anyone who owns a
mutual fund to switch it to a money market within the same family-& thats at no cost
NO, they said, I will stay with what ive got--
I was not even making any $$ on it- it was just a suggestion to my so called friends
WEll, I guess its the old adage- no one takes $$ advice from friends

One excuse for NOT switching would mean a low interest rate on $mkt funds
HOW STUPID and Lame can you get.
I see-- its better to lose 40% than get 2% interest
I havent asked anyone lately only because its too late to do anything that would
preserve the cash

IN One of my wife's mutual fund account, I was in $mkt most of last year
except when I saw a chance for a quick gain-
Not only did I preserve value to the account but also added some value.
OH well such is life
______________________________________________

Im still not ready for Monday, but did you notice how the HOURLY works
3pm hit a LOW and turned higher into 3:43PM, then dropped off in the last 15 minutes

Now we should expect a low at the 11am hourly on Monday which potentially could be the LOD
which ALSO coincides with 180 bars, so its nearly a given to be a substantial low and strong turn

more later
Jay