QOTD: When This Cycle Ends…

September 23, 2011 10:30am by Barry Ritholtz

You are so CORRECT with this observation, IMHO: Before this full cycle ends, will the March 2009 lows hold?

Ron Griess of The Chart Store fame makes the following observation:

“[Its possible that] the current phase swoon ends 1,010 to 1,100, year end stabilization/rally (right shoulder builds) and the final wipeout commences sometime next year.

It is amazing how many long-term bottoms are made in years ending in 2. 1932, 1942, 1962, 1982 and 2002 come to mind.”

Great stuff, Ron.

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