Volt, you sound pretty much along the same lines as laundry. If that is the case then could i suggest the next bear leg could be relatively shorter....either 8 or 13 months. I can barely find an example on the dow chart where the market has not done well from the armstrong ultimate low up to the left shoulder (25.8 months). we will be there in just over 25 months time so a rally of, say 17 months would be followed by an 8 month bear until the armstrong low due 14/6/2011.
even at the height of the great depression the market was pretty white hot from 19/1/1934 to 14/3/1936 in that part of the cycle.
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