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Thursday, March 26, 2009

3 Phases of Bear Market (2007 to 2012?)

My most popular article is Stock Market Forecast for Next 8 Years (2008 to 2016).

Have you read it?

According to The Joseph Cycle, the next 7 Years will be a Bear Market, starting from October 2007.

When will this Bear Market likely to end?

The most optimistic forecast based on Elliott Wave Analysis, this Bear Market might last 4 to 6 years from 2007. This Supercycle or Grand Supercycle Degree Bear Market has 3 phases (legs):

  1. The first leg ( A ) down had likely ended on March 9, 2009.

  2. The second leg ( B ) is likely to be in progress, a likely 50% retracement of the decline from October 2007. Wow, you estimate how much is that lor!

  3. The third and final leg ( C ) down will be next. Dow will likely end with 90% of its value gone (from October 2007 top)! Wah, you estimate lor!

See diagram attached (click to enlarge).

Oops! I wonder what will happen if the major correction forecasted in April 2009 makes a new low!

So, do you still want to pick the bottom? Do you still want to buy and hold?

More in Part 2 to this Article!

Read STI/DOW Elliott Wave Count - where are we now for updated diagram

Read 3 Phases of Bear Market (2007 - 2017) - update

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DISCLAIMER: All contents in this blog are for educational and informational purposes only and should not be construed as investment advice regarding the purchase or sale of stocks or any other investments. Please consult with your financial advisor before making an investment decision regarding any mentioned investments.
I assume no responsibility for your trading and investment results.
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