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BREAKING NEWS
June 19, 2006
 
Woman Named Head of U.S. Episcopal Church 
The U.S. Episcopal Church chose Bishop Katharine Jefferts Schori on Sunday as its first woman leader, a move unprecedented in the Anglican church and one likely to produce more turmoil in a faith divided over the ordination of an openly gay bishop.

Her election came 30 years after the 2.3 million-member Episcopal Church, the U.S. branch of the worldwide Anglican Communion, approved the ordination of women to the priesthood. The selection seemed likely to provoke controversy, since most other Anglican communities, including the Church of England, do not allow women bishops.
Reuters


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Has the Episcopal Church Found Its Joan Of Arc?
Category: GIRL POWER
By: Pete Kendall, June 20, 2006
Women are challenging men on their own turf, once again. But this time it’s not an exhibition.
The Elliott Wave Financial Forecast, September 2005

Women truly ARE taking over typically male roles! Again and again! This one takes the cake. I swear you guys are clairvoyant. No question in my mind.
--Eugene J. Fina

No, no, no. Clairvoyant means extrasensory. This is just the application of history to the current position of social mood. At this point, it’s just a matter of getting with the trend. For a deeper look at why we expected it, its emergence and significance see the entries of October 11, 2005,  April 12 and May 3. The entry from a 1995 edition of The Elliott Wave Theorist (see Additonal References) discusses the trend in terms of the long-term reversal which has actually been in place for many years. For decades, the expression "it's a man's world" has been becoming less and less true. In that 1995 discussion, Bob Precther suggested that a later-day Joan of Arc might appear near the end of the bear market. As we noted in our entry January 17, this is closer to becoming a reality as women have already moved into leadership positions in several European and African countries and lower level posts in the U.S. The way things are going, it won't be a Joan of Arc, it will be several. 

The divisive nature of the choice suits the trend as well. In a bear market, people resort to all kinds of time-tested methods of antagonizing one another .


Additional References
September 1995, The Elliott Wave Theorist
In 1985, the Theorist’s “Pop Culture and the Stock Market” report stated that “feminism gains power during corrections, as it did in the 1850s during Supercycle wave (II), [in the ‘teens] during Cycle wave IV of (III), and again in the 1970s, during Cycle wave IV of (V).” Women’s issues have remained a strong underlying social theme as the Grand Supercycle bear market in the inflation-adjusted Dow has progressed, while in line with the theory, the recent high in stocks has been accompanied by some stall in the trend. For instance, the number of women elected to state legislatures fell to 1% this year. Still, the longer term trend is hardly dead. 

The clamor over the United Nation’s Conference on Women makes it the highest profile such conference ever. “Dr. Jekyll and Ms. Hyde” is in theaters, offering the same plot twist on the 1932 classic as “Dr. Jekyll and Sister Hyde” in 1972. A greatest hits album by Janet Jackson is expected to match and maybe even exceed the sales of the widely promoted “HIStory” by her brother Michael. Echoing our 1985 pop culture study, which concluded that “masculine, liberated women” are characteristic of the transition to a falling trend in social mood, the American Psychological Association has just reported that U.S. college women are much more assertive, action-oriented and goal-driven -- i.e., “masculine” -- than they were 20 years ago. This trend should continue until the end of the Grand Supercycle bear market, when perhaps we will get a modern version of Joan of Arc. If you aren’t convinced by these examples, how about the Oxford University Press’s new edition of the New Testament to be published September 11, which is updated along p.c. lines? The Lord’s Prayer now begins, “Our Father-Mother in heaven.” Hm. Isn’t the order of those terms discriminatory? Wait for the next revision, due next century....
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