A reader pointed me toward "Mahendra prophecy" since it also forecasts this mid-October time to be a drop. (Thanks Mike!) Well I'll confess I'd not heard of Mahendra financial prophecy, so I had to look it up and here's what I learned. Apparently Mahendra is calling for equities to drop sharply from anytime shortly after October 12 (okay - fits the C=A in time I showed, and Terry Laundry's time window, and almost the Bradley Oct. 22 turn date). Also a big rise in the US dollar, lasting until 2015, at which time all currencies go down. And gold to top out here or soon, dropping to $750 and later $550. Hey - I thought $550 was my number for gold, if gold can make this a B wave (even up to $1192). Hmmm - a few more comments, but first here's the site: ::: Welcome to Mahendra
Prophecy::: at https://www.mahendraprophecy.com/newmahendra/default.asp. That probably isn't their main page, but it's the search result I got which included some recent posts there on these topics.
One thing is that it talks about the Dow being ready to buy again on/from November 19, and also about Dow 32000 (unless I saw the zeroes wrong, that's a number the bears couldn't swallow! Personally, I agree the Dow will be a great buy after it finishes the next leg down - but I rather think it will last about 2.5 or 3 months to bottom out.
I'll need to get more familiarity with Mahendra prophecy and its track record before really referencing it much. I'll consider it a cycle approach and so use the "Cycles (other)" label for it here. But it's already interesting because some of these forecast ideas do fit with other methods and possibilities that I see. I'll just really have to better understand the Dow 32000 idea - because, while I do retain some bullish possible counts for stock indices, I'm not ready to trot one out as that bullish anytime soon! Let's stick with what's facing us now, and appreciate another analyst's method supporting the prospect of stocks cresting and the dollar getting ready for a huge turn.
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