Replies to post #7465 on Your Economy (No Politics) (YE1)

[Bullwinkle]

>>>While I am somewhat cynical about this economy I am reminded that a cynic is a man who searches for the truth with a stolen lantern.<<<

Very good sir, I like that... You and I are not far apart on your assessment porter. That rising wedge is an ominous feature (especially when viewed in a weekly chart).

While I am not a student of the e-wave technique, I tend to follow cycles of a different nature. Bottom line, I am not so sure we ever really moved out of a bear market. After the initial run from the Oct'02 bottom into 2003 top, we have basically gone sideways ~~~~~~

I believe 2006 will follow suit, a lot of gyrations. But 1st, we must correct! That's what I am looking for while under the pretense of ruling out nothing and being ready for anything!