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Fred Langford

05/16/04 12:23 AM

#25655 RE: Justa Werkenstiff #25654

...and lurking in the shadows is AJC.

Fred
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jjkirk

05/16/04 2:51 PM

#25659 RE: Justa Werkenstiff #25654

Re: If we get a bogus rally atttempt that causes short term sentiment to get bullish to the point of being extreme, I will short it.
And, given what I know now, I will sell into it.

Your scenario sounds like Maudlin's too.

http://www.frontlinethoughts.com/printarticle.asp?id=mwo051404
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Justa Werkenstiff

05/17/04 6:38 AM

#25664 RE: Justa Werkenstiff #25654

Market: Looking at the futures this morning and it seems my top indicator's trigger on Friday is going to work according to the plan I described this weekend. Like I said, my plan is to let the market do its dirty work and buy what should be a very good bottom. No mattter what happens today, I don't think today is the day. Let it play out. There is no rush at this point in my opinion.

The miners are a different story as an intermediate bottom looks to have been put in last week as I mentioned. And they may well diverge from the market for now.