Will the 2004 redux model predict the bottom—SPY at 105?
In February I created a 2010 trendline based on the behavior of the market in 2004, using the market bottom in early February 2010 as the anchor. Looking at the chart below, the 2010 trendline predicts a bottom of this correction will be SPY at 105. We’ll see. Of course people are concerned about a double dip in the market, but the macro-market factors are …
