Wednesday, June 18, 2008

Market has a long drop in front of it....

Looking ahead there is a possibility of another two or three day rally next week, but overall, the big dates I see ahead are 7/21/08 which I have as a reasonable turn date with some kind of bounce of a few weeks, and the 1.000 nodes for all recent swings culminate around the last week of October...That is where the current decline will probably find a large intermediate bottom giving a reasonable rally into early 2009....

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