Every Other Day Down

Tuesday down, Wednesday up, Thursday down... What will Friday hold? I say down.

How's this for a prognostication... the wave pattern may have fully formed, so here goes...

The S&P closed around 825 today. The next stop will be at around 760 in the next couple of days. At that point everyone will be claiming "double bottom" (from the Nov 21 low) and a rally will ensue to around 880-900. At that point, we dive down to approximately 625 rather quickly (a couple of weeks or so). There will be panic and fear. Those that had hung on thru all of this so far will throw in the towel. Don't fall for it if you're still in.

After that bottom around 625 the incredible rally I've been talking about will take place over a matter of a few months. It could take us to around 1000-1100.

In Dow numbers, the bottom is around 6000, then the big rally to 11,000.

At that last peak, it'll be time to get out again for a year or more. But there's plenty of time to talk about that later.

Oh, and I just read this article... imagine a world without Sears/Kmart...

http://finance.yahoo.com/family-home/article/106466/Where-You-Won't-Shop-in-2009