The other brilliant science fiction success of the bull
market, Star Wars, also completes its run in May 2005.
As it does, it reflects the same darkening tone. By all
accounts, the latest episode, Revenge of the Sith, is the
bleakest of the six movies. From a socionomic
perspective, the ingenious aspect of the most
successful movie franchise in history was the decision
to show the last three episodes of the sequel (Episodes
IV-VI), which were the most upbeat, at the beginning
of the bull market and the first three (I-III), easily the
most bearish, from 1999-2005 as the Dow crashed
through and then clung to the channel shown on page
2. In this way, Star Wars reflected the tenor of social
mood and reaped the benefits of enormous popularity.
Talk about timing, the original Star Wars debuted in
July 1977, two months after the Dow Transports'
Primary wave 1 peak. The last episode comes two
months after their March high, which appears to be the
end of Primary 5 and the Transports' long bull
market from October 1974.
...is that the market breaks down for good with the release of Star
Wars Episode III, Revenge of the Sith.
Sounds crazy, right?
Next Thursday, we have the final installment of the six-episode Star
Wars saga which began in the late 70's with Episode IV, A New Hope,
in parallel with the bottoming cycle of the prior bull market.
Episode VI, Return of the Jedi, was released in 1983, and with three
optimistic, high-tech space operas in full worldwide circulation, the
historic, tech-driven bull market began in earnest.
After sixteen years, the saga eventually picked up again with Episode
I, The Phantom Menace, released in 1999 and coincident with the bull
market peaking. The final episode, Revenge of the Sith, in which a
young and naive Anakin Skywalker ultimately descends into the
clutches of the dark side of the force by giving his allegiance to a
Machiavellian and totalitarian "emperor", may well mark the
conclusion of the market's secondary topping process.
Though I'm sure the film will be technically impressive, the final
chapter in the story will leave audiences largely anxious, sad, and
depressed, with only fond positive memories of the earlier trilogy.
Perhaps, much like George Lucas who gave us the sugar first and then
the vinegar, the maniupulated economy under Alan Greenspan first
loaded America with his goodies to all comers, but "the bill" is soon
Anyway, it's just a theory...