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Strategies & Market Trends : Classic TA Workplace
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To: AllansAlias who wrote (163298)3/1/2008 11:26:16 AM
From: Sunny Jim  Read Replies (1) of 209892
 
I think it's very likely. We've just come off of a spectacular bull market and for the past five years technical patterns have worked pretty well. However, at major junctures, and I think we have just hit one, you've got to take into account some fundamentals. I think the fundamentals in the economy stink and the potential for serious down is real high. Think back to the mid-70's and what that market was like.
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