CHESSNOID

I think Prechter makes a good forecast.

Does history repeat itself?  More often than not, I think it does.  Trying to understand the current stock markets is a challenge whether you are a technical analyst or fundamentalist.  Back in the Great Depression we had both upturns and downturns.  A great place to check out data and charts are at Dshort.com.   He [...]

Yesterday was a weird day in the stock market.  Not only was it a down day, but there was a feeling of another major correction coming down hard.

Dow
10,002.18
-268.37
(-2.61%)

S&P 500
1,063.11
-34.17
(-3.11%)

Nasdaq
2,125.43
-65.48
(-2.99%)

Today, will probably see more follow through vs an actual bounce.  I think the market got spooked and realized that some of these government cheer leading reports [...]

What a weird economy we are in.  It seems most news reports continue to contradict the realities we live in.    Most reports are stating the recession is over and that the economy has grown by 5.7%, the fastest pace in 6 years.
Jan. 29 (Bloomberg) –

The U.S. economy expanded in the fourth quarter at the [...]