…according to Prechter. These charts are always “fun” to look at but in my opinion next to impossible to utilize in your trading plan. Because the sooner you start to become one sided in your bias, the more you start to look for indicators to support that bias.
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The average length of this cycle is very close to 7 years, 3 months. The next major bear market bottom is thereby due 7 years 3 months after the March 2009 low, i.e. in June 2016. This is the same month that the 16.6-16.9-year span and the 34-year cycle end for the constant-dollar Dow. We will give this target five months’ leeway because of what happened in 2001/2002. But with one straddled cycle low behind us, the next cycle bottom should provide a singular low. Thus, we have quite a narrow expected time zone for the final bear market bottom, in both nominal and constant-dollar terms. To summarize the outlook, the bear market will continue for another six years. We can be fairly confident about this time target.
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