Market Turning Points (Andre Gratian)

From Safehaven.com (Andre Gratian):

Because of the potentially powerful long-term cycles which are slated to make their lows in three to four years, I thought that the decline which started in October 2007 would be the beginning of a secular bear market. However, the strength of the recovery since March 2009 is causing me to reconsider. It’s possible that, instead of a seven or eight year bear market, we may be in the midst of two consecutive cyclical bull/bear markets. From a practical view point, the distinction does not really matter – except, perhaps, to academia.