Replies to post #186156 on Zeev's Turnips Patch-No Politics (ZEEV)

[augieboo]

<<<while there will be swings I'd not be in a hurry to assume that the next major move will be down>>>

Lee, call me a nutty little doggie, but I agree with you. I've spent a lot of time looking at COMP charts -- both price and my own internals-based stuff -- going back to 1984, and I see no reason to expect the next major move to be down except that we have been conditioned by three years of bear to think that the next major move will always be down.

Sure, we could be looking at a decent correction -- say 10-15% -- any time now, but there's nothing that says the market must or will correct. Indeed, it could go straight up from here for quite a while.

JMDO, etc,

augie