Wednesday March 28, 2018
Mark Hulbert uses Ned Davis Research to estimate length and breadth of this bear market.
The Dow Jones Industrial Average surged 670 points on Monday, but it will hit bottom on Mar. 4, 2019, at 18,328.27.
A year from now the 200 month MA will no doubt be higher than its current 13,000. So this may be a good a guess as any.
DJIA Ten Minute Chart
23,500 to 24,400 = 900 points
24,400 to 23,800 = 600 points
for a total of a 1,500 point swing in two days of trading
this is what one gets in volatile markets when algorithms meet high speed trading
This is a formula for melt down if the low at 23,500 breaks
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