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Re: gloe post# 34266

Saturday, 10/07/2006 5:28:04 PM

Saturday, October 07, 2006 5:28:04 PM

Post# of 79025
gloe, Yes that's the guy..I just don't know about renewing from him..He really knows the market and has great indicators that no one else has, but he keep you in cash about 75% of the time or maybe even 90%...Usually by the time he gives a buy signal we are so OB that I won't take the trade and vise versa..Right now, he thinks we have a few more days of short covering before any kind of downdraft..He also says the feds are injecting massive amounts of liquidity into the market and that is fueling this rally that could last until Nov 16th I believe he said....But to me it sure appears we have made reversal candles on the indices as of Friday..Guess it will be up to the big boys as to whether they come out selling or buying on Monday.

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