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CaribbeanJim

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CaribbeanJim

Re: dfi trader post# 30285

Sunday, 05/21/2006 10:45:50 AM

Sunday, May 21, 2006 10:45:50 AM

Post# of 36151
Actually, there is a larger "super cycle" going on that is every 8 years. If you notice by your chart, every 8 years we have a major correction. 1990, 1998, and now we are at the start of this one right now.

This was the first time in 20 years that that the Nasdaq has closed 6 days below the BollingerBand line. Alan Greenspan basically said last week that the housing bubble has popped. It seems fitting for a major 8 year correction to be in progress right now.

Jan 4 - We have transitioned into a bear market. Completely different rules apply.
May 23 - IMO, any price at/above this close makes a great Nasdaq/SP500 short.

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