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Politics : Welcome to Slider's Dugout -- Ignore unavailable to you. Want to Upgrade?

To: NOW who wrote (16060)	3/9/2009 5:55:19 AM
From: Real Man	1 Recommendation Respond to of 50330

It's his March newsletter, I believe, not an article. That site stole it. This looks like distressed selling, and a "wave 5". FWIW, the decline of the DOW since January is 28% (wave C), while September-November crash was 35%. The desperation continues, it's unclear where it stops. When it does, stocks will likely bounce to 200 MA, which is currently at DOW 9900 (!), and 50 MA is DOW 8000 (!). This happened even during the 1929-1932 bear. Of course, the current MA levels are set to decline a lot by the time the markets get there.