<< you are calling for a double dip with a two to three week rally in between>>
Yes, I am looking for at least a Double Bottom,but most likely a lower low, in the market averages, within the the next five weeks.
In the period (mentioned in the earlier post) in 2003, my Momentum Oscillators went up for eight trading days from 2/13/03 , then down for ten trading days before we hit the 3/12/03 low.
We should see something similiar, this time.
By the time we hit the real low the market psycology will be much more bearish than it was yesterday, because after a rally from what most market particpants thought was the bottom, turns out not to have been the bottom, they start throwing in the towel, just at the time they should be buying.
Jim
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