Replies to post #28161 on The Black Box

[Keller]

Let's hope so!!!!

That would be awesome!!!!!!!

keller

[michalel97123]

FYI on cnbc they were talking about a double top in the making for the nikei--you think that could be a fake too? Almost has to be because a falling japanese market will do damage here imo.

[michalel97123]

For the thread. What fundamentals in the market take us to 2890 by summer?

1. lower interest rates,
2. lower earl
3. rising earnings later in the year higher than expectations

4. What else?

[James Bondage]

Dunno about that. Still see this as a good way to shake out many to get Q's to 39ish first...

[euterpe1]

Wahz,

I was mildly bullish, but now barely bullish. How's that for semi-non-committal?

I don't see how you can come up with 2890. I read your posts from HD, and while I believe we can and will hit 2890, I don't see it happening until 2007 and even then probably not until year end 2007. Looking at AugieBoo's old channel chart. 2450-2550 looks like the highest we can go in the next couple of months. I still think the 4 year cycle low possibility needs to be respected and this is the fourth year.

As I outlined to Carribean Jim, the weekly MACD on the COMPX is flat, the daily is turning down and the weekly $NASI RSI is flat. We are going to need a rocket shot the next couple of days for the technicals to remain bullish IMO.

[Dick Weigel]

Wahz, knowing a little about your approach that you have stated here, have you ever correlated the stock market movements to those of the housing market? You've never mentioned it but it used to be that the housing market price cycle preceded the stock market by years. I don't know if that's still valid or not