Market still have way to go down, the bouce just for short term

Don\'t take me wrong, market still has long way to go. But near term market due for a rebound. After this rebound, market will continue down trend until S&P and Naz have new year low.

Possible bottom:

Dow 10800
S&P 1210
Naz 2150

The down trend at least last another month until August.
Dow and S&P will be dancing at bottom for a while and at same time Naz will continue down trend after rebound and create new year low eventually.
It is also possible that Naz will keep above March lows and turn around in Q3 and Q4 time frame.


Based on current analysis, the year end or early near year target for Dow, S&P and Naz will adjust as below:

Dow 13100
S&P 1430
Naz 2550

JM2C

[wavePlayer]

回复netlover的评论:Thanks for coming.

[netlover]

thanks a lot. have come to visit your blog almost everyday to get some direction.

[alvaning]

真诚地谢谢你了，从你的帖子里学到很多。分析你的旧贴里提到的各种指标也得出相似的结论，很多方面和一月中的位置类似。