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发表于 2009-7-19 08:50 AM
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The last week was just good start for this rebound. Once the trend starts, from time factor, this slow bull should span 2+ months until the beginning of september at least and target is at least 1000+. The current situation is much better than last year and first half of this year. The time stands in the side of winners.
From 10/20007 high through this month, the bear market has lasted 21 months, less than 2/3 of 36 months (from 2007/10 high through 2009/10 last low, that's I guess); The recession has lasted 19 months (from 2007/12 through current month) and when it ends, big rebound 'B' wave (started from 03/2009, the big down 'A' wave lasted from 10/2007 through 03/2009) of this big bear market will be over and big down 'C' wave starts because institutes will push markets down and build the positions with low prices. When the economy is really stable and starts new cycle of expansion, the big 'C' wave is over and new bull market starts. |
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