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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives -- Ignore unavailable to you. Want to Upgrade?

To: Fintas who wrote (51750)	6/13/2013 11:04:13 AM
From: Joseph Silent	Read Replies (1) \| Respond to of 219290

Just in case anybody misunderstood ---- I expect the very worst case for a recovery to be approx 1500. I don't know how long this correction will take, but if it is not done by early July I expect it will be done by the end of July. Then, from 1500, or preferably from around 1550 (say 1540-1560) the markets will recover and we will see another bull market high. This may be late this year or early next year. After that it is all up for grabs. My best guess is a bear market (big correction) all the way down to about spx 900-1000 and it will take perhaps two years. But this is far away and pure guesswork for now. At this time I am merely looking for the next recovery point and a new high in the next 6-8 months or so. Perhaps 1750, perhaps 1800. Who knows. But not down below 1490-1500 at this time.