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chainik

04/16/08 1:25 PM

#117882 RE: TREND1 #117881

OT

Trend, why "buy 1300" is a major "call" and "buy 1450" is a minor one?

After all, those who bought 1450 had no cash to buy 1300.
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ajtj99

04/16/08 1:43 PM

#117885 RE: TREND1 #117881

TREND1, that's the point of contention I have. He says the trend has not ended, but we've been below 1450 SPX for more than 4-months and at one point had dropped 20% from the highs.

He gave his sell signal in Jan 2000 before the top, and the March 2003 signal was good as well.

I'm just wondering what changed in the past 5-years that allows his buy to remain after a 20% drop in price?