The failure of the 15-year interval high (counted from the 9/21/01 low) to appear on time does not mean the bulls are out of the woods yet. A 12-year interval is sufficient to pull the Dow down into its forecast low without the help of a 15-year interval. A 12-year interval forecasts a low in a time period extending from 12yrs, 2mo to 12yrs, 8mo. from a significant high. The 12-year interval counted from point B of the long cycle on 3/7/05 is active until approximately 11/7/17. 

Once the correction is complete we expect the Dow to move to new highs and finish the secular bull market at point J in the period stretching from Dec’17 to Sept’18. We will narrow that forecast down considerably with the use of the standard time spans and counts from the middle section.