well....the only thing to follow is the dow retrace because thats been working for 2 years anyway....
so thats where the 9-months comes from....a bottom early spring fits the dow timeframe....
A historic bear market bottom find its floor after many fake rallies, providing euphoria to the mass followed by gut wrenching drops and depression and dejection.
that sure looks like this year so far.....top 2098...drop to 1696...ramp to 1946....drop to 1560....ramp to 1759...drop to 1445....fake rally's...big drops....you name it...its there.....the final stage has started...
1930's chart again....
sharelynx.net
that big V bottom in 31 is like the sept bottom we had...the two top area's of the V around dow 150 line is like the aug 2001 top and jan 2098 top....
stockcharts.com[h,a]daclyiay[d20010501,20020617][pb9!b13!b20!h.02,.20!b200!b150!b50!f][vc60][iUb14!La8,17,9!Lh5,5!Le5,10,1!Li10,10!Lp14,3,3!Ll14!Lo15]&pref=G
then on the 31 chart....on the top of the V....you see a rolling wave down.....same as the 2002 year so far with all those lower highs and lower lows.....
whats next.....
a cliff dive.....on the 31 chart you see it....big dive to the next lower trading level....
if that happens now.....it would be this drop from here to likely 1200....
stockcharts.com[h,a]daclyiay[d19950101,19970817][pb9!b13!b20!h.02,.20!b200!b150!b50!f][vc60][iUb14!La8,17,9!Lh5,5!Le5,10,1!Li10,10!Lp14,3,3!Ll14!Lo15]&pref=G
then on the 31 chart...after the drop you see another little up area....
on our retrace to 800 chart thats the ramp from 1194 to 1400.....
stockcharts.com[h,a]daclyiay[d19950101,19970404][pb9!b13!b20!h.02,.20!b200!b150!b50!f][vc60][iUb14!La8,17,9!Lh5,5!Le5,10,1!Li10,10!Lp14,3,3!Ll14!Lo15]&pref=G
then on the 31 chart....you see another big drop off that peak....on our retrace chart thats the 1400 peak and the drop leads to around 1000....
stockcharts.com[h,a]daclyiay[d19950101,19970127][pb9!b13!b20!h.02,.20!b200!b150!b50!f][vc60][iUb14!La8,17,9!Lh5,5!Le5,10,1!Li10,10!Lp14,3,3!Ll14!Lo15]&pref=G
now the last up area in 31 into 32 is a whipsaw area....before the final drop to the bottom...
on our retrace chart...thats a bounce off high 900's area and that wild ride around 900's to 1100 before the final dive..
stockcharts.com[h,a]daclyiay[d19950101,19960227][pb9!b13!b20!h.02,.20!b200!b150!b50!f][vc60][iUb14!La8,17,9!Lh5,5!Le5,10,1!Li10,10!Lp14,3,3!Ll14!Lo15]&pref=G
only thing to go on is this....and if things time out perfect....
the bottoms should be in july...october...and final bottom maybe feb or march 2003....
lining up those 3- more waves down with the 30's chart and our retrace of the bubble and its final obvious wave areas is about the best guess at the future anybody has...
now its up to history to repeat itself because just about everybody on earth believes it won't....<ggg> |
