You are so CORRECT with this observation, IMHO: Before this full cycle ends, will the March 2009 lows hold?
Ron Griess of The Chart Store fame makes the following observation:
“[Its possible that] the current phase swoon ends 1,010 to 1,100, year end stabilization/rally (right shoulder builds) and the final wipeout commences sometime next year.
It is amazing how many long-term bottoms are made in years ending in 2. 1932, 1942, 1962, 1982 and 2002 come to mind.”
Great stuff, Ron.