Terry Laundry's long-range T Theory charts for equities show bullish potential persists well into 2010

If you've been keeping up with Terry Laundry and his T Theory work at T Theory site, you should ready know about his work saying that the equities rally won't be over until May/August. And his site is always listed at right (so you have no excuse!). He's been working and refining his techniques since the 1970's, so it deserves some respect. Below are his copyrighted long-term charts, but for his comments explaining all this you've got to read and listen to his comments to really understand all this. Does this all mean the markets won't crash after completing this leg of the rally, whether now or in some more days? No - just that the breadth indicators say that isn't likely. Never mind that my anonymous cycles expert agrees the markets will go higher later this year after a pullback. How about that inconveniently strong NYSE advance/decline indicator? The NYAD is stretching to new all-time highs! Even when the NYAD pulls back, it's going to have great support at its consolidation levels from late autumn.

It isn't that I want to talk anyone into being a bull in this wretched financial environment. I just want to encourage readers to avoid taking big short positions at times when sell signals aren't made or confirmed, and when it remains very possible for higher prices to inflict losses on intractably short positions.

So just a reminder - these are copies of Terry Laundry's long-term big-picture charts. So respect that these are his - and keep up with his work, along with whatever other analysis you follow. Because it really isn't true that the only possible path for equities now, is for the Dow to crash down to 400! I could tell you what Terry foresees for the Dow Industrials and the S&P 500 after August ... but then you might not bother checking out his work yourself, which would defeat part of my purpose in pointing you there!