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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© The Risk Averse Alert — Advocating a patient, disciplined approach to stock market investing. Overriding objective is limiting financial risk. Minimizing investment capital loss is a priority.
Analysis centers on the stock market's path of least resistance. Long-term, this drives a simple strategy for safely investing a 401(k) for maximum profit. Intermediate-term, investing with stock index tracking-ETFs (both their long and short varieties) is advanced. Short-term, stock index options occasionally offer extraordinary profit opportunities when the stock market is moving along its projected path.
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