Nine years from high to low. Nine years from low to High on
FTSE in fact the secondary or final rally high set in week of
13.03 00 as Internet generation 1 peaked with Nasdaq and
techs' peak reached that week). Low reached March 9th 2009.
The next cycle date falls between Friday 2nd March and
Friday 9th March. If the major markets break below the lows
of last week we can therefore most likely expect a low to
form at this point in time - and if they can hold up today and
rally from here the next high is likely to be struck in the 5
trading days between March 2rd '18 and March 9 '18.
Whichever way it breaks from here should be worth following
in the near term - but start to look for a significant change in
trend in either event come 2nd March through 9th .
Looking even further out in time this peak now is likely only an inter-generational cycle high, marking the half-way point in the old 18 year generation cycle. The real grand super-cycle high (high to super-high) is not reached on this chart until March 1st 2027.
Time, as always, will tell.
In the meantime, there's a nearer term FTSE strategy outlined below.