wild monday, page-3

Looking at where the XJO is positioned long term I doubt that our market will break all time highs for at least 10yrs.

Everytime the market has hit the expensive upper long term trend line its taken at least 10yrs to break though the previous high.


But thats not the really reason why I say that.

Whilst its true that a 30% decline is a typical bear market fall, the problem is, it normally does that decline in about 30 days and rallys back up again.

Evidently this bear market has run much longer then that already, so its going to be a long term decline, not a correction.

I would be anticipating a choppy sideways market here for about a year or so, before taking a dive again later 2009 to 2010. Which I think you are looking for as well Voltaire.