Bobcor- You've mentioned a couple times that you are charting this (possibly) as following the 1931 Dow, and that, if so, we are looking at lower lows coming...
(If I understood you correctly) If so, then wouldn' that NECESSITATE that we are in some sort of zig-zag here (as you have mentioned in a previous post)....if not, what other potential pattern could get us there in this move?
(For, under the current preferred scenario, I don't see how we get there...and this move likely ends somewhere in the 2000-2100 area, if I am interpreting correctly...and then good up, before the BIG KAHUNA)..
If the zig-zag gets us there, and is in play, could you explain a bit how that can work?
(2 things are sticking in my craw: One, Heinz's turn date of June 4th, and (2)...the fact that June is going to be an absolute void of good news, and will be mostly (only) bad news......so I have always struggled with the preferred scenario, in that, I don't see the catalyst(s) to drive this thing back to new marginal highs...the "news" scenario in June I think would support a bigger down move then what we are current seeking under the preferred- hence my question)
Sorry for being so wordy.....wow, markets collapsing again...ugly... |
