1998 VS 2018

1998 VS 2018

Below is the weekly SPX with my alternate fractal count… I created an alternate count yesterday because the market seems to be saying the correction is going to be longer in duration than the .776 Fibonacci time relationship to wave-a:iv that I thought was possible – when the market speaks, I try to listen…

In light of this change, there are some definite similarities and differences between this period and the 1997-2000 period in US equities I want to point out: in the former era, the US equity markets continued moving higher IN SPITE of the issues of that time…

There was the Asian Contagion in 1997… then in 1998 there was the Russian Ruble Devaluation…

And despite these issues and serious market corrections at that time, the US equity markets rallied back upward to post new ATHs…

Today’s climate has definitely changed – it’s now in a different economic cycle… and the reason the US equity markets will continue climbing to new ATHs is not in spite of the issues, but BECAUSE of the issues…

If interested you can read the rest of the article here: Link  

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