Dow 1,000

Peter Brimelow finds this gem in a recent Elliot Wave Theorist:

The only way for the developing configuration to satisfy a perfect set of Fibonacci time relationships is for the stock market to fall over the next six years and bottom in 2016.

Got that. To be more specific, they see the Dow plunging below 1,000 as a very realistic scenario.
I’m curious about the off-chance that we don’t satisfy a perfect set of Fibonacci time relationships. Hey, stranger things have happened.

Posted by on June 21st, 2010 at 12:35 pm


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