Dipping in the morning! <<<
Dennis, i see since my vacation you guiz are all still fighting the trend, when you should be enjoying the motha of all bear markets after the motha of all blowoffs, didn't i tell u to go fishin -g-, didn't expect anybody to listen -g-
this is a chart i sent to Haim last weekend before my vacation
home.nyc.rr.com
This is a chart i sent Haim in January, before another 1000 point blowoff in the nas.
home.nyc.rr.com
a couple of weeks ago i said to forget mo indicators, forget most indicators, and i still believe that, forget sentiment indicators, you can't spec them to what we seen in the past decade,
like i said a couple of weeks ago, everybody is still talking about finding a bottom, this thing won't stop going down until everybody starts talking about much lower lows and gives up trying to fight the trend and is loaded up with shorts and poots.
during the motha of all blowoffs when nas almost doubled from october the march there were a lot of people calling the top, we will have the same thing on the flip side for calls of the bottom, this bottom may need indicators that exceed every bottom during the bull market, so u may have to toss em out the window, like most t'a had too on the upside naz breakout.
Wave 3's are the biggest of the MEAT moves, i believe we are in wave 3 on all indexes right now and trying to spec the wave counts for a bottom in this kind of wave extension is impossible.
Selling rallies is in, HULA HOOPES and buying dips is out for now.
b |
