Most stars are so distant that it takes millions of years before the light is visible to us.
Even so, astronomers can learn much about the future of the universe by studying the past.
NASA astronomers announced they can now predict with certainty the next major cosmic event to affect our galaxy, Sun, and solar system: the titanic collision of our Milky Way galaxy with the neighboring Andromeda galaxy.
NASA, May 31, 2012
That collision is expected in some 4 billion years.
The Hubble Space Telescope also recently revealed the farthest-ever view of deep space. NASA noted, "The images allow us to follow the development of the universe."
And back here on earth, Elliott wave practitioners study the market's past price patterns to determine the probable development of the present trend.
You see, price patterns repeat themselves at all degrees of trend.
Indeed, Robert Prechter recently discussed how past wave patterns are similar to what's unfolding now:
The ... rallies of 1929-1930 and 1938-1939 are good examples.
The Elliott Wave Theorist, September 2012
Both of those rallies came after steep market declines. Likewise, the present rally of three and a half years commenced after the 2007-2009 market plunge.
Be aware: Both of those past rallies in turn fell back into severe market declines.
The Dow Industrials lost 86% on just the second leg of the 1929-32 bear market, and surrendered 41% during the 1939-42 downtrend.
U.S. markets are likely on a similar collision course with history. The present price pattern is unfolding at a larger degree of trend than those previous two periods.
Position your portfolio for what Prechter calls "History in the Making."
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