Replies to post #10253 on The Black Box

[wahz]

i hate to be a bummer but I suspect, strongly, that the feeling of exhuberance that is being felt here is going to be turned upside down within 5 weeks at the most. I seem to recall that I had at one point felt we would put a string of near record down days together in a row when we hit 2150, for example. SOO, lets be aware that the pendulum, the Short trem one, is going to swing back

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Posted by: wahz
In reply to: mjk who wrote msg# 9043 Date:11/25/2003 6:32:33 PM
Post #of 10254


Nearly the entire reason I ignored the last sell signal was because of that. It was really likley we would fall and then turn at around 700...that day I was ecstatic was because the liklehood exploded. We could well go right thru 2000 and not even pause briefly until we are at around 2050

I guess that bad news is that if this follows, we aren't going to do well after we run out of steam toward 2200ish. I also think it will start with a record or near record run of down days, say 7 in a row, starting in January. Anyway, the first thing to get is a new recovery high. the 2nd thing is a blow off through 2020ish, and then no correction. Lets not worry about 2200 until it looks more sure we will arrive there"