Wednesday, March 16, 2011
Decline to the previous 4th wave!
The decline has finally been confirmed. As one wise guy has said "even a broken clock is right twice a day." But, at least, this time the decline appears to have begun. You should be in cash or short the market waiting for the next opportunity to buy stocks. This decline has a long way to go but there will be many opportunities to make money along the way. According to the Elliott Wave Theory, the next stopping point for the market is at the previous wave 4. The previous wave four for the Dow index is at 10,929. So a good place to buy the market would be around 11,000. Right now the Dow is at about 11,800. There should soon be a move up from 12000, and then a sharp decline to about 11,000.
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