Zeev's Turnips Patch-No Politics (ZEEV)

[ajtj99]

BTW, I think if you look back since March 2000, you'll have to admit that this bear has been ruled by the 9-month cycle (March 2000 high, Dec. 2000 low, Sept. 2001 low, July 2002 low). Add 9-10 months to July 2002 and you get April/May 2003. If you add 18-months to Sept. 2001 you get April 2003.

These lows have been 48%, 52%, and 43% below the highs of the cycle. That's an average drop of 48% from the cycle high to the cycle low. That's another case for the 700-800 range for the low in the spring.