FinancialAdvisor's College Class (FACC)

[FinancialAdvisor]

Blackbelt, I believe that the markets will be in a decline until about early April (1st week of April?), My target for the Nasdaq Composite is somewhere in the 1400's, even though the 61.8% retracement is around 1522, my thinking is that the markets will give back around 2/3 between the high and low since this bull bounce started, which I'll have to do the math on. You can see in my charts that this is supported technically as well, I've seen this same type of formation back in 1929, when the markets bubbled big, than came down quick in an inverse fashion to the rally, this is what I see, this may also be telling us that the W-bottom in oil could lead to a new all-time high in oil prices.

Right now I can't see past April, I just know or have a strong belief that the markets will surprise many, especially those fevorous bulls who keep searching for those "cyclical" bottoms and decline strongly over the next few months.