March 2009 Low To Be Challenged By Year End? ~ The Risk Averse Alert

Saturday, June 05, 2010

March 2009 Low To Be Challenged By Year End?

Do you like the like-from-like I like?

(Reminds me of how retired WPIX-TV news anchor Bill Jorgensen would end his broadcast: "Thanking you for your time, this time, until next time.")


The component waves of wave (1) take the component waves of wave 1 to the next level.

If wave 5 of (1) hasn't ended by the first Tuesday in November, it probably will by December 7th. Honestly, if wave (1) were to bottom above March '09 low, then it would appear that, there's a shot at maintaining for some time longer the perceived viability of the financial arrangement placing the lender of last resort and its angry tax base "all in."

Otherwise, if March '09 low is taken out ... that outlook of mine putting levels last seen in the 1980s (for most major indexes) or 1994 (in the case of the Dow Jones Industrials Average) gains considerable probability, quite likely signaling 2011-2012 will be most difficult years.

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