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楼主 |
发表于 2009-11-16 07:04 PM
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All right. I myself don't have ability to predict the precise point of Dow in 2019. Here is the logic of my thinking based on that chart, I'm trying to understand the wave structure for this big correction:
From 1982-2007 we were in bull market. It is 26 years, so the correction will take: 26 x 0.382= 10 years or 26 x 0.5 = 13 years
2007+10 or 13=2016-2020
So the correction could be completed from 2016-2020 (The author of Chan Lun, Li Biao predicted the end will be 2019, 90 years from 1929). There will be ABC three waves from 2007-2019.
From time point of view, where were are? 2-A instead of B. Because it is the second wave of big A wave, the index can go up very high. If it is wave B, 50% correction could be the end.
Based on above analysis, I have my vision on current market for mid-term.
I'm sorry if I misled anybody here. |
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