12/9/08The chart should tell the story tomorrow.
Tuesday, December 9, 2008
It is one year since I start write my blog
12/9/08Time goes fast. Today is the 1st anniversary of my blog. However, so as our 3rd worst Bear market ever in US history. As shown, the bear market that ran from 10/9/07 to 11/20/08 is the third worst ever with a decline of 51.93%. The bears that ended in June of 1932 (-61.81%) and March of 1938 (-54.47%) are the only two that had bigger declines without a rally of 20%.
On 12/10/07, SPX was closed at 1516. Today SPX is closed at 889. It lost about 41%. Again, I noticed the Bear Trend about one year ago.
Monday, December 8, 2008
How far this 4th elliott wave go?!
12/8/08“How far might the counter-rally (or Elliott Wave 4) go?” Most obvious zones of Fibonacci confluence lie at the 1,185 and 1,162 areas. However, this is valid based on if the low of 74o hold for S&P.
New rally?!
12/8/08SPX is breaking upward instead of falling the important pivot point around 820. Now, the market is also breaking the trendline which started from Sept. It is building new uptrend rally. However, this is just another Bear market rally.
Subscribe to:
Posts (Atom)
