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Where is the Market Headed?...You be the Judge.
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Based off S&P data.
If History is to repeat itself this is what we can expect.
1.) Further downward market correction expected.
2.) Rally est. late Oct. / November - late December
3.) S&P 1,000 & 800 will be 'critical points' and will either be points of creation for a new bottom or a breaking points and an implied continuation of downward momentum.
4.) Continued Volatility (unsustainable rallies) solid testing at a bottom support level will indicate a bottom tranche....visiable Market Capitulation.
5.) 4.5 year bull run estimated for late 2009 early 2010
Click above picture to view detailed analytic chart demonstrating Market Trends
*The following is to be taken as market commentary and general observations on historical trends. It is in no way to be taken as advice or personal recommendation.
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