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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: ggersh who wrote (94534)5/24/2008 7:46:39 PM
From: bart13  Read Replies (1) of 110194
 

Is the chart saying we are at a pivotal point here..as if we are tracking the 1973 a big down move is in the cards??


That's what it looks like from here, and my best guess is that the current down move will end during the first week in June or so, although we may continue down from there too. Given the "support" environment my current belief is that we'll go into a broad trading from there. I won't fight the market, as usual.
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