mrci.com
Ok, look at at 6/30/02, which was the ultimate low. The "green" line is at sp 860. By Sept, an explosion has occurred and its at sp 1150. You can't get much more v than that. 7 months of 3.5 down and about 3.5 up to the previous high. Then about 7 months of languishing and down to 930, and then 3 months later 1350 by june 30 o3. A one year total run from 860 to 1350..mind you right now where we are at we are talking at 87% correlation so far.
I am absolutely not arguing with you guys. If anything, I am concerned that you guys who have been right, are interpreting this map differently and I can't see why. All, I am saying is that this particular roadmap would suggest the bottom is in. I don't believe it myself, but it certainly could be. And I do question the idea that we can't explode or have a v off the bottom. The 1982 bottom, which came from the same level the dow was at in 1964, 777, was incredibly explosive. Imagine a 50% dow move in 3 months.
Maybe you want to call it a reverse L, but the absolute bottom of the 32 market was a v, and the absolute bottom of the 74 market was also a v, and these are the two markets this one best compares to. |
