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Strategies & Market Trends : Love shack

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From: Grandk	8/30/2007 9:30:21 PM
	of 322

Why I believe this market COULD potentially fly... If we are talking about the market valuation in terms of real dollars, all we have to do is pull up a chart of the USD and see that it has lost over 35% of its value. Add in inflation at a compounded rate of around 3-4% a year and the S&P is well below the 2000 high. I would not be surprised to see the S&P hit 2000+ on the next run. Having said that, I am not sold on this bullish scenario. I still would like to see some follow through on these recent rallys. Lastly, for what it is worth, I have us in a ii of 3 down right now with a target of about 1446 S&P as the turn for the iii of 3. I am unsure though if it is simply a corrective C up or a full out new bull. My bearish scenario coincides with elliottrules in that we are in a current 2 up with the big 3 down to come. Added n edit: Short the homies on any strength.

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