News will be "seen" well in an upward cycle. The upward cycle is not caused by the news. A "trigger event" may stimulate more market movement, but it is already within the cycle/bias that the market has chosen.
W.D. Gann believed that time and price are equivalent, and we'll have future commentary on how Gann math works; "the collective unconscious remembers price the collective unconscious revisits that price by converting it to time" is Gannian methodology, and is how support and resistance are built.
Being a Richard D. Wyckoff student Floyd takes Gann math to the law of supply and demand, and cause and effect. Both are really saying the same thing.
Here's a Gann math fact: "Historic 10 year cycles in stocks historically peaks at or near the end of years ending in 9. Hmmm. So, using this logic, part of the euphoric upturn we've seen may not be "news", or the economic stimulus, but that the market had hit bottom and would go up 68% from lows (using Fibonnaci math), showing a top near 10, 700.
Floyd believes the economic stimulus package, for example, is working, but that NOT ENOUGH money has been driven into the system, that MORE DEBT will need to be incurred, that there is no natural order to capitalism, that the "market" will not correct itself, without a major shift in America.
I believe Asia wil become the dominant superpower and economy, and with Bill Gates, the bond trader from PIMCO, I see:
"Short Term interest rates will remain low for an extended period of time"
Following government stimulus efforts and guarantees are "keys to future investment returns"
If the theory of 9's is correct our market could be topping soon, or by year end.
2010 could show a market topping at Fib levels (10,700) and hesitancy, and dependent upon whether enough money has been flowed into our bankrupted system, a second deep downturn could occur by Spring of 2010.
