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Burk

04/15/05 5:12 PM

#381118 RE: Ace Hanlon #381102

I guess we'll find out. Seems there aren't any bulls now. Even Zeev has turned bearish, apparently. It seems to me extremes like this are registered at bottoms, not tops.





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porter

04/15/05 5:13 PM

#381119 RE: Ace Hanlon #381102

But then 'n agin' u still might be in Wave 4 of Super Cycle 3, a MULTI year Wave 4 at that. Yes, it's an academic exercise but an interesting one.

The real Bear may still be the recession/ compression/ depression/ concussion that faces us ten years after every foreign engagement/ entanglement/ containment/ peace initiative.<gg>

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marketmaven

04/15/05 5:15 PM

#381121 RE: Ace Hanlon #381102

Zeev - still bullish?
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otraque

04/15/05 5:38 PM

#381131 RE: Ace Hanlon #381102

well you got a reply from BullHeads( those committed to this being the new secular Bull---po' thangs:)
I will concur with you Laird, rallies will now be in of lower highs and lower lows trend, imo.
And NDX will continue to be the worst of the lot over time.
I can't, however, rule out completely SPX having a minor new high-- it has a remote chance.
But NDX as broken the levels i needed to see to confirm a bear trend in techs is in place, imHo, only--of course:)
We have now entrenched flight from risk that i believe has longetivity in it---that is bad for Techs.
Techs are flashing signs of a growth grind down.