Friday, March 2, 2012
The 2/29 High and the 120 Year Mega Crash wave
In my 2/26 Master Cycle (MC) update I posted: "The updated Master Cycle2 (MC2), since the 12/19/11 Lows projected a 68 Calendar Day rally into 2/25 High (2/24-27) or a 48 Trading Day rally into 2/29 High, which is both a 2/29 geometric CIT and a VIX Apex CIT."
So far the 2/29 MC High and 2/29 geometric and Apex CIT (Change in Trend) still stands.
There is a 3/3 Solar CIT that is ideally a lower retest High today. We should now at least see a multi week decline begin.
The 120 Year Cycle is the Vedic Master Cycle and 2 X Gann's 60 Year Cycle.
In Vedic Astrology, all major and minor planetary cycles repeats every 120 years and major events tend to repeat every 120 years.
There was a stock market crash that started from a March 1892 High = March 2012 High and saw a major multi month Panic into July 1893 +120 years = July 2013.
This became known as the Panic of 1893 and led to 4 years of depression.
(http://en.wikipedia.org/wiki/Panic_of_1893). 1892 (click on chart to enlarge) = 2012 and suggests: March 2012 major High and a Mega crash lower into July 2013 Major Low of Year.