Envisioning an entrenched insurgency and escalating violence in Iraq seems perfectly appropriate now, but it was anything but in March-May 2003. On May 1, 2003, U.S. forces were having such an easy time of it in Iraq and a banner announcing “Mission Accomplished” was hung across the deck of the USS Abraham Lincoln. That banner now haunts the U.S. administration, which just got its lowest job approval rating of the Bush presidency. EWFF forecast the protracted war and trouble ahead for Bush on the basis of the Wave Principle. As EWFF also noted in October, 2003, the position of social mood is similar to where it was in late 1969 when the war in Vietnam went from bad to worse. Of course, there are some vitally important differences, which are covered in every issue of The Elliott Wave Financial Forecast and The Elliott Wave Theorist. |
