I understand the reasons that could break the 4 year cycle but until it is invalidated it still holds true, so far the price action is consistent with a 4 year cycle so it is holding up. There is no dogma to it is based on price and structure.
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You're saying its a wave; I'm saying its a particle.
Guess there's some of both if we allow for silly human superstitious pattern recognition to self fulfill. I'll take the sale anyway, but I'm not counting on institutions to adhere to the same superstitions as the plebs. They may well use them against us though to shake coins out, much like Columbus predicting the eclipse...
Probably no maybe about it given what we've seen from JPM this past week.