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:

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

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  2. the dreaded M formation

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

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  4. 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.

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  5. YOU LEFT OUT DEC OF 2012

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  6. 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.

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