"I have a plan now to buy back the 2nd long q position if we drop to 1900~. I could well be wrong...I still think this is the area that is the toughest to take a wag about. The issue is that we continue to behave MOST like 1982, and if that is the case the recent low will hold, and we will run to 2100-2150 by mid Jan. Again, this is my least preferred path because it leads to a one year consolidation, instead of 3 months. Bottom line on that is last weeks low will be an important point and will be a support area on a good size correction during next years consolidation.
Anyone following this gibberish closely will see I am switching back and forth between two paths. However, All paths lead to that 2150 area within 8 months, deal with a period of consolidation that brings us back down here or lower, and leads to a blast off to 2800 at the latest by the end of 2005"
If this plays out, how do you see the 18 Echo performing?
Will they outperform, underperform?
My guess would be outperform.
