It has hit the bottom at 19,330
19,000
18,500
18,000
17,500
17,000
16,500
Even lower!
I love the fact that people are still voting on this poll, talk about having the advantage of hindsight.
I'me with M. on this.
What it looks like on the Dow now is a huge bear flag being formed between 11716 and 10597 which is 1,119 points. If we break the lows, and we are very close to doing so right now with the futures off another 90 points in pre market trading, the first target will be the low 10,597 minus 1,119 which takes us to 9,578 as the first target, which is where we were back in July 2010.
The more bearish scenario is taking the July 2011 high of 12750 as the top of the "pole" to the lows, 2153 points, and subtracting from the lows which takes us to 8443
They are called "analysts". many are quoted abundantly on the news paper, on TV....They are great people who usually tell you: "well look buddy they were clear sign (that no one mentioned before of course) that it was going to go up (or down), but people were too busy...."
The beauty of this is that:
1. they are right all the time (albeit not on time of course...).
2. people still listen to them.
3. they are usually well paid.
Tomorrow the HSI shall fall is my prediction...
And his prediction was very wrong.
Original Post Deleted
My prediction about 6 months ago it would go about 30% lower. I really don't know how far it went down from there but I would be putting little bits here and there into the market. Volitility will continue till mid to late next year. Then there will be sustained growth of about 500-700% for 10 years. This will be my retirement fund years!!