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Strategies & Market Trends : Classic TA Workplace

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To: bcrafty who wrote (82674)9/24/2003 4:16:44 PM
From: Perspective   of 209892
 
Yep. But, we're higher now, and as long as you waited for a 50% retrace of the June down to get short, you still could have pocketed a nice profit on the "c" down.

What's different? Liquidity was much stronger then, in the form of both money supply growth and stock market money flows (mufu flows minus insider sales and IPOs). Seasonality is far more unfavorable now as well. Also, we're now into the topping window on the 48-month presidential election cycle if you assume the secular bear is still in force.

Not saying it's done for sure, but it is a higher probability now.

BC
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