I've Been Dubbed A Clown and Banned Message Board

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Pastimes : I've Been Dubbed A Clown and Banned

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To: bobby beara who wrote (1672)	11/4/2002 10:35:52 PM
From: At_The_Ask	Read Replies (1) of 1735

It's funny to link other peoples posts and goof on them. in waver terms the dow could have made a 4th wave bottom here, the whole sideways 5 year channel could be a failed H&S pattern and we are about to make a non-confirmed fifth wave high in the dow in 2003? I agree with this as being highly possible but I don't think we have seen the bottom yet. I find new all time highs in 03 to be pretty unlikely. why do you people hope for armageddon anyway, I really don't think anyone at CFZ hopes for armegeddon. Hoping for reasonable equity valuations is a far cry from armageddon, even with the incredible overvaluation that we had in the late 90's. record # of shorts in rydex, biggest equity p/c since 1990, no bulls left on SI at the october bottom, people selling mutual funds 4 months in a row. All true we could go higher. I'm thinking we could get to spx 1050. By the way I was long an a**load of calls from just before the turn and made out handsomely. My unfortunate put purchase is pretty small so I'm not out much. I may buy the dip or may not. Waiting and seeing right now. Risk in both directions.

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