Mike Swanson was interesting.
Watching $nyad for a low. I was surprised to see it recently got nowhere near the Oct 02 low of -10,000.
But, the last bear took 2 yrs to bottom using the SPX as a guide. If we go by that, we won't see a low till around Oct 09.
http://www.safehaven...ticle-12190.htm
Stage 4?
Started by
Lee48
, Jan 01 2009 05:17 PM
1 reply to this topic
#2
MaryAM
-
- Traders-Talk User
- 1,200 posts
Member
Posted 01 January 2009 - 10:12 PM
Mike Swanson was interesting.
Watching $nyad for a low. I was surprised to see it recently got nowhere near the Oct 02 low of -10,000.
But, the last bear took 2 yrs to bottom using the SPX as a guide. If we go by that, we won't see a low till around Oct 09.
http://www.safehaven...ticle-12190.htm
There will be a rally early in 2009 to sucker a lot of people back in - then a drop big time - probably 6000 or lower on the DOW - And will someone please inform my elected officials that I am not a "taxpayer" I am first and foremost a "citizen" - I am starting to get offended.
