It's been awhile since i made an entry, but had to get this one down so i could point to it in case i'm right!
Today is May 28, 2008. The DJIA pushed above 12,800 a couple of weeks ago and most recently is down to 12,500 after 3 big down days. Emulating what happened in the housing market (boom and bust) and following the HGX 5 year chart, I think the market will see a short term low of 12,300 but then test the high of 13,000 again before heading into the biggest downturn we've seen in awhile, all the way down to a new low of 9,500. I see about 6-12 months hanging around the lows before the market starts its inexorable climb back up to 15,000 in 2013-2014.
Hang on to your hats!
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