Monday, June 14, 2010

LONG TERM DOW CHART


LOng term Secular BULL moves are followed by SECULAR BEAR themes that can last 10-16 years. Last time the BULL extended beyond the channel in an exagerated bubble move was 1929 and what followed was a trip to the bottom of that channel....chances are that is what the future holds.....it certainly is worth considering.
If the job of the bear market is to restore order, remove the excesses, and show values well below known values.....has this bear finished its job?
When the leaders like Obama and Bernanke do not speak the truth, most tools taken out of the shed...why not use deception?
FUTURES pointing to BIG OPEN.......charade continues..
D

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