Alot of very kind smart people have PM'ed me. Asking if I could provide an update, so I guess I should:
1. Message 16279827
2. Message 17443196
3. Message 17868174
4. The last and 4th Plunge will take the Dow to around 4000 - 2500, but that will happen in a few years, well, perhaps that may come even earlier, we will see.
Now regarding number 3:
The run on the Dow from October 7, 2002, or so, is a strong corrective trading rally, NOT a sucker's rally, I repeat NOT a sucker's rally. But, a money making trading rally. The Dow has a high degree of probability of springing 500 to 1000 points over then next 5 to 15 trading days. That brings the Dow to the range of 9500-9000 by mid-November, 2002 or so.
My timeframe of Dow 5800-4800 by December 31, 2002 to March 31, 2003 can happen earlier, however,
the December 31, 2002 TARGET DART DATE might need to be stretched a month or so..I am now thinking February 20, 2003 for GROUND ZERO at 5800-4800.
Can you imagine 40% of most, if not all, US Markets will be lost in just 3 months. Yes, 40% loss of value from mid-November, 2002 to mid-February 2003.
Make ALOT of money on the long side over the next 5 to 15 days, but make no mistake about...Dow Jones 5800-4800 by December 31, 2002 to March 31, 2003 or earlier.
And there is your update people. |
