Skip to comments.Watch Out For the Second Leg of the Downturn
Posted on 04/13/2009 5:34:53 PM PDT by weef
Do you think that the crash is over, as certain former bears do? This question arises as we have breached the first downside target, of Dow 7000, based on my proprietary investment value model that was first published in thestreet.com October 24, 2007. It was less a forecast than an evaluation. The Dow has now vindicated this model by reaching "fair value," as one would expect from a simple definition. Does that represent a base for a new bull market? Or is it just one more stop to the nether regions?
(Excerpt) Read more at financialsense.com ...
Same around here. I still can't believe it.
Ah, you’re an Elliot wave guy. There’s this one Elliot analyst that I listen to now and then, those numbers are scary! And you can’t really argue with that type of analysis, it’s just math and numbers don’t lie.
Reminds me of that bridge that harmonically resonated when the wind blew just right, and flew apart eventually. These waves are all resolving together at just the wrong time.
Yep, gardening is critical. I’ve got a couple of hydroponic experiments going myself. Got them from youtube and instructables.com.