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Comparison Chart 1937 and Current Bear Market Rally Update: 11/11/2009

1 Comment November 11, 2009 – 7:36 am |   | Permalink |  Print This Post |

Bear Market Chart Comparison Update 1937 vs 2007

1937 (blue) vs Current Bear Market (red) Comparison

This is the final push upwards. Rejoice. Salvation for the bears is near. Just make sure you have enough fuel to take another 10% up. Currently Dow is 10290. Based on the 1937 comparison model, the turn will be at 10500. This, though, will not be THE top based on 1937. Looks like there is one more push up after that.

Short term we have revised our shorts. Order to open at 10520 $10/point. The Nikkei is looking exceptionally dead (not good for us). Patience.

Update on Trades:

• short Hang Seng 22610 $2/point, long Nikkei $4/point 9910.

Dow Jones vs Japan 1989 Chart Comparison

Nikkei vs Dow chart comparison

To all our readers, we wish you well in your trading. If you are down, have patience. The market seldom moves in one direction. And at such extreme, it is unlikely that you will NEVER see the market go below this level again.

One of our indicators is at an all time extreme. The markets is on more steroids that you think and for the level that it is. The Plunge Protection Team must be working over time to get the markets up to this point.

Extreme Bullishness: A market on steroids