DJIA

The DJIA is going to hit below their low of 7,773.71. Its a matter of time. What would happen in on the next October?

2009
No one would buy near Oct or in Oct itself. Maybe we will find a new low next Oct. Maybe it will be so low no one ever imagine it could happen.

Maybe the index will trade with high volatility of 2% every day in a sideway pattern. It doesn't seem to me there will be a bull market any soon.

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No matter what, reality will hit hard, because the global economy is not going to improve so soon. But the market will always undershoot reality, and that is the time to buy. It is still not pessimistic enough.