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Strategies & Market Trends : Longer-Term Market Trends
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To: Perspective who wrote (2165)5/7/2009 3:37:58 PM
From: skinowski  Read Replies (1) of 3209
 
You may be absolutely correct. One of my favorite "big" views is that 2000-02 was "A" of a secular bear market, and since 2007 we are in Wave "C" -- and "C" is fully entitled to morph into an Ending Diagonal, which may run for quite a few years. Your Flat may prove to be Wave 2 (or part thereof) of that putative ED. This would also go a long way towards explaining the fact that the 2007 decline up to date DOES look suspiciously like a three-waver.
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