Short term one more high is feasible and probable...but after that a correction of anywhere between 5 and 10% is likely and I'd narrow that to 8 or 9%. If you look at these charts, in most cases an 8 or 9% correction would only be down to the .382 retrace of the last leg up....so in the grand scheme of things..it's peanuts It's after that most will be bewitched, bothered and bedazzled and bewildered. ..............If these counts are wrong...then expect the exact opposite to happen and most will just be just bothered....IE the top of the bull....but I don't think so.
http://stockcharts.com/c-sc/sc?s=$DJUSBK&p=D&yr=8&mn=0&dy=0&i=p43399183508&a=48382553&r=4066.png
http://stockcharts.com/c-sc/sc?s=$DJUSBM&p=D&yr=7&mn=6&dy=0&i=p32416136848&a=48382614&r=4138.png
http://stockcharts.com/c-sc/sc?s=$DJUSBT&p=D&yr=5&mn=0&dy=0&i=p29796297634&a=48381864&r=7561.png
http://stockcharts.com/c-sc/sc?s=$DJUSCY&p=D&yr=8&mn=0&dy=0&i=p37229751381&a=48382963&r=2786.png
http://stockcharts.com/c-sc/sc?s=$DJUSFN&p=D&yr=8&mn=0&dy=0&i=p06628790273&a=48383059&r=4134.png
http://stockcharts.com/c-sc/sc?s=$DJUSHC&p=D&yr=8&mn=0&dy=0&i=p20684275956&a=48383138&r=2019.png
http://stockcharts.com/c-sc/sc?s=$DJUSIN&p=D&yr=8&mn=0&dy=0&i=p75870738905&a=48384174&r=1953.png
For those who think I'm bearish
Started by
eminimee
, Feb 24 2007 09:58 AM
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