Very short and to the point, guess there is another bear market rally in the making after this last one that lasted 5 straight days. BUY BUY BUY.
Charts Predict: Dow 40% Rally to Start on Dec. 15
CNBC.com | 02 Dec 2008 | 05:26 AM ET
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The Dow Industrial Average is poised for an extended bear-market rally that could see the index gain as much as 40 percent, Sandy Jadeja, chief market strategist at ODL Securities, told CNBC. But don't buy until December 15, Jadeja warned.
"There's a very very very strong rally in the making and it's going to last all the way up into next year into the July period," Jadeja said.
"We can see almost a 25 to 40 percent corrective rally coming up," he said.
The rally will start in or around the week of December 15, but there could be further weakness before then, Jadeja said.
The Dow [.DJIA 8236.54 87.45 (+1.07%) ] could slump to 6,800 or 6,400 in the next two weeks as the index forms a bottom before its half-year upswing, he said.
Charts Predict: Dow 40% Rally to Start on Dec. 15
CNBC.com | 02 Dec 2008 | 05:26 AM ET
Text Size
The Dow Industrial Average is poised for an extended bear-market rally that could see the index gain as much as 40 percent, Sandy Jadeja, chief market strategist at ODL Securities, told CNBC. But don't buy until December 15, Jadeja warned.
"There's a very very very strong rally in the making and it's going to last all the way up into next year into the July period," Jadeja said.
"We can see almost a 25 to 40 percent corrective rally coming up," he said.
The rally will start in or around the week of December 15, but there could be further weakness before then, Jadeja said.
The Dow [.DJIA 8236.54 87.45 (+1.07%) ] could slump to 6,800 or 6,400 in the next two weeks as the index forms a bottom before its half-year upswing, he said.
