Daytrading Canadian stocks in Realtime Message Board

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Gold/Mining/Energy : Daytrading Canadian stocks in Realtime

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To: Swami who wrote (51874)	7/15/2001 3:21:59 PM
From: Canuck Dave	Read Replies (1) of 62347

That article has a number of self serving components. They're obviously trying to thump the drum for people to buy Index shares. As far as Elliot waves go, I take all technical theories with a grain of salt. History doesn't repeat, it rhymes. Trying to say there are always 3 down waves in a Bear market, or trying to determine whether this is the first wave of a bull market is pedantic twaddle in my opinion. The article also claims that near the bottom, the selling waves get milder because there's nobody left to sell. Huh? There still hasn't been a real recession to squeeze out the vast majority of retail investors. Still 3 pages of Mutual funds listed in the papers. Volatility indices still indicate low levels of fear. Lots of potential sellers out there. Maybe a 5 wave bull run has begun, or maybe we'll get 11 down waves over the next two years. Which do you think is more likely? CD

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