Friday, June 6, 2008

Compare this chart of an internet stock with the $SPX chart in the previous post....



Not identical, but a run up to a big double top and then continuous erosion...

6 comments:

john said...

Mark,
very, very interesting. I would imagine the economy will be similar

lagscrew said...

the dreaded M formation

aaaaaaum said...

There are too many people on the planet. It is deserved!

mlytle said...

Hi all,
I really think we will bottom sometime around 2020, give or take a couple of years...I also wonder what happens after that, recovery or war? In the 30's, the market was recovering when WWII started...

Mark L.

lagscrew said...

YOU LEFT OUT DEC OF 2012

mlytle said...

Hi Lag,
Yes, I get a node around mid December 2012 also, but I don't know what to make of it, because I don't think the market will have fully corrected at that time...Maybe it's the end of a steep "A" wave or something...no way to know from here...

Regards,
Mark L.