Thursday, November 20, 2008

ANATOMY OF BULL AND BEAR MARKETS


Unlike in 2002-2003 we do not see the lower highs divergence to price as we saw at previous bear lows, I am thinking we set NEW LOWS and have enterred a SECULAR BEAR with 2007 OCT top as SECULAR BULL HIGHS.
On my weekly Dow I see 2003 lows at 7740 and 2002 lows at 7528, when broken of course it would raise chances of test of reactionary daily lows and we would have retrace of ENTIRE 2003-2007 bull market....and chances raised we go even further to perhaps close to 6,000 on the Dow, of course already it has been devestating.....
Duratek

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