Kymar,
Sorry to have made y'all jealous. I can be so cruel sometimes... ggg Might have to go to Church twice this Sunday, AND sit in the front pew.... LOL
What makes me think this is a correction of the recent move up rather than a resumption of the bear decline since March
is that the cheapo-stock stuff is still happening. The early birds, which popped first are correcting off, while others
are still basing and others beginning their rallies...
I feel confident that when the bear gets serious again, none of the cheapo stuff will be doing anything but down, down, down. That just ain't happening. Today's screener gave 32 cheapos which popped, most of the charts I just peeked at look fine to me.
Also, it's been some time (that 4.5 month decline off the 9/1 top was brutal) since my lunar cycle time markers have been
effective. The 1/2 full moon low and 1/24 new moon high look like a rhythmic cyclical behavior is back after that long vacation. This is a clue to me that some sort of normalcy
(balance of direction, not all one-sided) in the market is here now.
And there's Uncle Al to consider. Very, very interesting how
when it seemed there was no way the naz was going to save itself from the cliff diving of 1/2...Uncle Al came out with the surprise rate cut which propelled nazzie upwards with
surprising strength. I suspect there's more where that came from...
Sheesh, now I'll have to worry about that day in the future when interactive computers will allow the hands coming out of the screen to strangle.... (shiver)
Regards,
Eichler |
