Replies to post #25909 on The Black Box

[Burk]

Thanks for your opinion, W. How far do you seeing the current retrenchment going??

[satorino]

Wahz,

when you say

"the biggest retrenchment would be for two weeks and less than 4%, and that it was most likely to be early so i think this is it."

do you mean to say that this is the beginning of the retracement that will push down 4%, or that the retrenchment is just about done?

Thanks but as you know i am slow.

sat.

[wahz]

Posted by: wahz
In reply to: wahz who wrote msg# 25823 Date:5/26/2005 11:11:48 AM
Post #of 25909

I would guess the drop everyone else expected this past week will start within 3 days now...so we have gone about 15 points higher and one day farther than I thought.

diesel talled about 2100, and its proving to be a good target...I suspect we will simply run out of steam between now and then, and roll about 3%, hurting folks a bit who jump in now...and it could take up to two weeks, long enough to start to feel pretty bearish...and then I have that correction as being the biggest drop we face for the next several months....basically everything that was suppossed to start in January started 4/29, and will run into the fall instead of early summer