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

To: morokko65 who wrote (2122)	3/12/2009 2:33:10 PM
From: Perspective	Respond to of 3209

Traditional Ewave target would be the 4 of lesser degree, that 950 area. There is also resistance around 880, formed by many weekly highs and closes, that could be the target. Either one of those would be consistent with the 1930s experience. If we are repeating the deflationary wipeout of the 1930s within the context of the asset markets, one would then expect another halving of the market, and a fifth wave extension. Given the pain in the banking sector (and breach of 1994 lows), that is what I'd label my most likely scenario for the general market. `BC