The Black Box

[wahz]

I continue to think there is a good chance that we are in the midst of the consolidation period between the runs from 1100-2300, and 2300 to 2900. If we are, we can be going sideways to down into August, with two to three surges along the way in attempts to get back to the top of the trading range. It would be a very disappointing period for many folks who invest in tech stocks.

I want to again commend you, Bull, on your going more with the ign/bdh etf's instead of my picks here. It is VERY evident that was the way to go. I'll take credit for having been close to deadly accurate on the macroview since the ultimate lows, but the picks have been ok, not great at all, and they have done VERY poorly relatively since the fall while the etf's are hovering at their highs. I have outsmarted myself going for style points and I know better, ie, the street was bound to huddle in qcom, brcm, csco, nt, lu, glw blah blah while it waited for more evidence before it could pile into avnx, scmr, amcc and all. Off the lows, my stuff has done better, and that is why I am sticking to it. It will probably be much stronger than the bdh from the moment the next leg turns up, but maybe I will be wrong about that too