Is "A" bottom in?
Should the masters of the universe be successful (at least for a time) in maintaining their illusory, and subtle monopolies over the masses, the best hope that exists today, (or upon a marginal retest) is for an interim (a) wave terminal marking a low prior to a much more punishing (c) wave into the 2009 period.
From an Elliott Wave perspective, the chart below represents the best possible hope given the data points recorded to date.
HOPE is in the air:
How low can we go?
As mentioned in our last article, given the present set of conditions, the chart below represents the worst-case scenario for a crash of standard proportion pummeling the Dow toward 3000 by years-end. Such a decline would equate to a near 80% decline over the course of 13-months, which is historically quite common for typical resolutions of this type. That said, all we have to add is to continue hoping for the best, but to also prepare for the worst.
Side-stepping the Abyss?
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