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May 31st, 2010 at 12:29 pm
After looking at the Elliot Wave Theory after the one day crash, my conclusion was the crash could not be considered the second wave because it had explainable cause. This same theory was brought up after the crash of 1987 with much more real example but still proved what I believe is again, trying to slam the square peg into the round hole. I have no idea where we are going although short term looks up. That said I believe that sooner or later we have to pay for all the past and it won’t be fun. What about this is the healthy correction everyone wanted? What do you say about 2010 set the double bottom?