I have to admit I am not serious about significance of numbers such as 224, 72, 155, or any other special number. Well, If it works for you guys, this is all matters.
Based on previous Oct. crashes, I have a slight different view over coming months.
19th Dec High +10%: Fed intrests cut may have some supprise, auto-bail out, etc
27th Dec Low -10%: more bad news, and no Xmas bonus to fire up market
Jan 17 High +15%: New prosident hype and hope and a trillion dollar stimilus package
Jan 30 Low -15%: Buy rumor sell news
Feb 20 High +15%: Recesion is in 15th month, must be ending in 6 months.
March 27 -30%: More bad economy and corporate news, recession could become depression, and last a lot longer
But I do believe March-April are either make or break months for the end of bear market. If we can make it, we might end up like 1974-75 period, with higher stock price, and higher inflation.
Either way, we will have either prelonged bear market, or hyperinflation environment, or both.
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