Posted by: POKERSAM In reply to: None Date:2/17/2006 9:46:51 PM Post #of 22861
Major Crash Mode!!! We are now moving into major crash alert. The alert signal has gone from orange to red. I have spent some time with the charts tonight and I had chills looking at the carnage to come. Never have things been so bleak. We are staring into the face of the perfect storm. The grizzly's wet hot breath is strong on the back of the markets neck. Abandon all hope, the markets are doomed. The rising wedge reversals will not be denied. Greenspan is gone so he will not be blamed. Bernie just got here so he will not be blamed. It will be blamed on energy, the age of the bull and economic cycles. George Bush cannot run again so blaming him will not matter. The Democrats will blame the Republicans and visa versa. Who is to blame will not change the reality that we are in a long bear move. The continuation of the correction of the 2000 top is upon us. I will try to help you take advantage of the bounces as we go down.
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