wednesday trading, page-56

Read the latest from Bob Hoye:

"The action could be choppy into the latter part of January when the markets shake off fear and replaces it with some confidence. This has been likely to be fully back in force by April. The cyclical bear market could then resume"

"This (rally) should encompass all equity sectors."

I guess Bob is using patten of 1929-1930, and he is expecting DOW will recover 40%+ from its recent low, or DOW could well be over 10,000 level by this April.

Well, I still like patterns of 1937-38 and 2002-03 because of very similar situation, such as very low interests rate (0-1%).

However, he has been consistant right for the last few years. I rather to believe him with an extra caution.