Wednesday, June 05, 2013 4:37:41 PM
Long Term Charts - My early target for Cycle wave I is 1200.
IMO we are now in a major bear market. In the stickies you can find the bear market rules. IMO you should play by them.
As you note we are very early in the bear market. My bullish alternate count is still in play, though I give it very low odds of being correct. It has not been invalidated yet, however.
Regardless, we are going down big time for now. IMO, be a bear and prosper. There will be bounces but that is all they will be.
You have heard of buy the dip, now is the time to sell the rip.
IMO we are now in a major bear market. In the stickies you can find the bear market rules. IMO you should play by them.
As you note we are very early in the bear market. My bullish alternate count is still in play, though I give it very low odds of being correct. It has not been invalidated yet, however.
Regardless, we are going down big time for now. IMO, be a bear and prosper. There will be bounces but that is all they will be.
You have heard of buy the dip, now is the time to sell the rip.
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