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Strategies & Market Trends : Longer-Term Market Trends -- Ignore unavailable to you. Want to Upgrade?

To: AllansAlias who wrote (1935)	10/24/2008 9:54:37 AM
From: Perspective	Read Replies (1) \| Respond to of 3209

This should be the wave that delivers the scary low that we have discussed on this thread for so long. Now we're starting to see some real fear. These are the necessary (but not sufficient) conditions for a bottom. I still suspect we need to touch - and probably undercut - the 2002 DJIA lows in order to stand a reasonable chance for a bottom. What frightens me, and has wipeout scenarios running through my head, is the utter disregard for ANY support levels whatsoever in the $CRB. That is scarier than the worst Halloween nightmare... `BC

To: AllansAlias who wrote (1935)	10/24/2008 2:51:33 PM
From: Perspective	Respond to of 3209

Yah know, the more I look at this, the more I think that SPX 1000 is going to cap the market for years to come. This iv may probe it (11/08), and then the 4 to follow (2/09), and then an "A" (1/2010) and a "C" to follow that (1/2012). Depends on how low we get on this initial motive wave. If we get lower, the old 950 neckline could be the line in the sand. I'm still sketching charts. When I get some I like, I'll make pretty pix or scan. Bottom line remains that I think the big "C" - or the big "3", whichever it proves to be - needs to retest the 2002 lows all around - and a scary retest it must be. (SPX 750) Then we can set up a 6-12 week rally to match March-April. `BC

To: AllansAlias who wrote (1935)	10/24/2008 2:59:09 PM
From: NOW	Respond to of 3209

hope you are out of harms way with those CAD