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Strategies & Market Trends : Technical Analysis With Charts

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From: MACD X	12/25/2007 5:45:15 PM
	of 6865

Russell 2008 predictions, sideways to down stockcharts.com the russell has the same pattern that the other 3 markets has and that is a symetrical pattern that looks complete With a 4 year cycle top in place the highs are likely already in. The russell has lead the way down early out of the gate and may continue to leading the market down in 2008, Expect flat to as much as 30% decline in this market in 2008. If the market trades sideway into a flat correction for the next two years the downside could be as much as 15% even in a sideways pattern. A consolidation triangle covering 2 years could see the first year drop as much as 20% as the first move of the triangle would likely be the worst. For the sake of a prediction lets say the russell on this chart will reach 65 on this chart.

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