Hi Gang, Anybody up for a nickel bet? Where do you think the DOW will bottom out before headed back up or would you take a wild ass guess that it has gone about as low as it will go?
If we look at the high point $18,312 and the close of the day, $15,989, that is only ~11%. (These are Yahoo's figures.)
My wild ass guess is we still have a ways to go. If it does not stop at around $15,350, ~16%, it will go down to around 14775, ~19%.
So are we in for a "full" typical correction or just a mini?
Best,
Allen