Today is a DOWN ---Up ----DOWN
but Mostly DOWN
Still expecting a rebound day on Monday,
but in the overall scope of direction - it wont mean much
Are they headed to MAJOR new lows in April, May or June ???
AND HOW LOW IS LOW ??
WEll :: after dropping from SPX 1550 to 667, the MAJOR DAMAGE has ALREADY been done
and the rebound to SPX813 makes some people feel better, but that's all it does
Nothing technical has changed.
LOOKS LIKE A typical 4th wave from March 9th to 26th.
BUT more PAIN is still ahead -
As much as the Obama administration has take the bull, or bear
as you will by the horns or teeth, the CYCLE still has more to play itself out.
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Ive mentioned this several times
The 60 year cycle is due to BOTTOM in Mid June
There is a Bradley date convergence in June14th and 18th
Once that is out of the way, you can expect the DOW Jones to make
it back to at least $10K by March of 2010
BUT just like Year 2000, it may only be the EYE of the storm
we will cover that in more detail as we make progress in time
More later
Jay
ps; my mother in law thinks its time to buy GOLD
what does that tell you about the price of gold \
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2 comments:
Jay -
Would you recommend go to cash today or Monday and buyback in June with some ST trades along the way?
Steve70
Steve,
Im a day trader so telling you how to accumulate is not my game
However, getting into cash today and or Monday is a wise choice
If it were me, I would SIT it out until Mid June and then SELL THE FARM to buy stocks
Jay
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