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发表于 2011-9-23 08:20 PM
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Cobra's outlook yesterday, today's market action are all consistent. The non-stop model coincides with my home-made 系统 which predicts a 50+pts downside and first rebound will have strong resistance at 10MA, if it can go that far. On a longer time-frame: can we see 200MA is trending down ? Correction from top is over 20% ? We are at least on the brink of bear market if not already in it. Just look at one rebound failing after another. This is what I believe: No QE3, no real bull market; even QE3 may not guarantee a bull market. Bull market will return next year around election time, assuming OB is no longer president. |
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