When I first wrote Part 3 here, I was a bit suspicious that point L might turn out to be higher than point J. Now DOW had exceeded point J!
Will this GL Long Cycle continue to play out as “forecasted”? When will it hit point L and “crash”?
It's been a long time since I last seriously looked at my “Bible Formula” which calculated almost every Major Turning point on the DOW. I just cannot figure out how to calculate future Major Turning Points, just like many other “experts” who claimed they can forecast past cycles correctly but cannot forecast future turning points correctly, sian ah!
If we are near the end of this long bull run in DOW, then I better to be prepared.
Recently, I discovered someone in Singapore seems to have been “correct” in using cycles to forecast DOW 30k. He paid “fees” to go overseas to study cycles and forecasting methods and is now making a “living” out of it. He used 3 types of cycle methodologies in his forecast which are very similar to mine.
So I decided to relook at my “Bible Formula”, with special emphasis on those 3 cycles. Hmm..... I found it!
It helped timed the bottom in Oct 2011 and Mar 2020 too, besides major turning points in the past. W.D. Gann said : if you start with the correct point, then your end point will be correct!
Now all the formula are pointing to 2 major turning points! I hope I get it correct this time. I will wait for those dates to come and observe what happens then.
(Someone managed to find "indicators" which can "predict" market bottoms. Hmmm... I will use these indicators to "time" the next major bottom when it comes... hahaha)