Replies to post #34621 on The Black Box

[rayrohn]

that's about 240 points in 12 days that's a pretty good drop really fast... I am long the QID's @ 38.88 ... so I hope u right lol

[dieselfuel]

Another scenario I have is, the NASDAQ is in the process of forming a 5th wave down that would take out the March low (2155) and stop at 2135.

This is a good possiblity, since it would, probably, take all summer and into the fall to complete. That would give the commodities (especially oil) time to put in a correction. That would give the NASDAQ a reason for a nice rally.

Let's see if this plays out sometime by the end November.

Also, just a thought, this weakness could also be the markets pricing in an Obama win (God help us!).

A McCain victory would be a reason for a nice rally, too.

If commodity prices pull back, plus a McCain victory, might just provide a nice backdrop for a nice rally.

It will be interesting to see how all this plays out.

Anyhow, jump on a trend: "The trend is your friend". :~)

( Looks like for this election, we have a choice between a Democrat and a Marxist. Too bad the Republicans didn't run a canidate. lol!) ;~)