I don't know if it will be that long, but it's going to be longer then most of wallstreet wants it to be. But, it has to go down more first. How far, how fast, and why, will give us an insight to how long the sideways move will be, and how large the bounce will be from the bottom, which should set up the higher or top channel of the mega sideways move we will enter. Maybe the Sept. bottom will represent the bottom line of the channel. I really do not like the low vol. slide we are having. I find the current conditions, that the down move is occurring in, very hard to project a bottom in. You can look at it the following way. The slow bleed downward will continue till the patent is drain or all life's blood. If the drop was fast. Then we could rally on the promise afterward. If it is slow. The promise is being, for lack of a better word, destroyed, or at least, slowly sliced open so it's obvious why the sell off is happening.
hannibal <g> |
