Another chart of mine demonstrating clearly the next downtrend

Discussion in 'Trading' started by Port1385, Jan 16, 2009.

  1. I have written quite a few chronicals on here with charts demonstrating the downtrend that is about to occur down to 650.

    Here is yet another chart which clearly demonstrates what is about to occur. The good news is that the bottom will come by the end of the year.

  2. This trader I watch believes there are quite a few places we might find solid support before looking for a new low.

    Even John Carter was going bullish there for awhile. I personally wouldn't bet on a new all time low, unless the banks have another whammy in store.