Here's some intereresting commentary from George Ure's site.
urbansurvival.com
"With these declines, the AGGREGATE INDEX has down dropped below the April levels, and if we close below the low April readings, the market
will be perfectly set for a freefall faster than anyone could imagine. The low point for the Aggregate was 7679 for the April lows, and if the market
closes near or on its lows today, it could be around 7650 - or lower. If we take out April's 7679, the next Aggregate target is 6430. That means:
A 16% drop in the Dow, SPC and NASDAQ 100. To put values to it, and using today's levels around 9876 (on a bounce upward) that would give us a
Dow around 8200 within a month... But it doesn't stop there. If the Aggregate is correct, from its all-time high of 11,722.98 (on a weekly print basis
week ending 1/14/00) the Dow should finish the descent around 2953 as early as six months from now, but more likely +/- one month from the think
tank's predicted bottom date of Nov. 8, 2002." |
