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westpacific

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westpacific

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Re: iconoclassic post# 209150

Friday, 06/05/2009 12:23:27 PM

Friday, June 05, 2009 12:23:27 PM

Post# of 376167
Ico this ones for you...

http://www.marketwatch.com/story/surge-since-early-march-suggests-new-bull-run

"I say this with the utmost confidence and my fingers tightly crossed: This is the start of a new bull run," said Hugh Johnson, chairman of Johnson Illington Advisors.

And he goes on to say...

"There was a time when we not only didn't go higher, but we got killed. In May 1929 we had a big surge up of 26% over 13 weeks, and in the next 12 weeks after that surge, the market fell 38.9%. You can get beat up bad," he said.

West

Could be either one based on my models as of today...it is pure bullshit to call a new bull market based on technicals I am looking at - as of today! Marketwatch is so rah-rah now it is a joke!

We are at about 26 percent in 13 weeks right now!
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