Yep, I'd say there's a definite divergence of opinion.
On the one hand, I think the retrace is real, has a long way to go, and we will see 1000 before we see 1300 again. (That's pretty much Jeff's position too.)
On the other hand, The Z-Man is like farking NEVER wrong.
The way I reconcile it is that Z is quite often early, and generally a bit too optimistic. So, I think there is a good possibility that the divergence will converge a bit over the next few to several weeks.
On the subject of cheap shots, why don't you bop on over to LG's MDA thread? Very low noise, good TA, and LG doesn't allow any ankle-biters -- period. (The link's in my signature thingie.)
MDA Thread #board-1320
Turnips Thread #board-1125
Trading Info #board-1220
Retrace #board-1345
PPT #board-1280
http://www.angelfire.lycos.com/goth/augieboo
On the one hand, I think the retrace is real, has a long way to go, and we will see 1000 before we see 1300 again. (That's pretty much Jeff's position too.)
On the other hand, The Z-Man is like farking NEVER wrong.
The way I reconcile it is that Z is quite often early, and generally a bit too optimistic. So, I think there is a good possibility that the divergence will converge a bit over the next few to several weeks.
On the subject of cheap shots, why don't you bop on over to LG's MDA thread? Very low noise, good TA, and LG doesn't allow any ankle-biters -- period. (The link's in my signature thingie.)
MDA Thread #board-1320
Turnips Thread #board-1125
Trading Info #board-1220
Retrace #board-1345
PPT #board-1280
http://www.angelfire.lycos.com/goth/augieboo
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