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Strategies & Market Trends : Waiting for the big Kahuna

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To: Lucretius who wrote (55666)10/15/2001 8:14:06 AM
From: Moominoid  Read Replies (1) of 94695
 
Indicators like the McClellan Summation looked like they were bottoming throughout the summer and then suddenly turned around and crashed. However, this bottom on the summation has much more momentum and is more robust.

stockcharts.com

Still, I expect that this is the start of wave B up in the big crash. I expect wave C to end maybe 9 months out from here (another cycle bottom) and 4 years after the 98 four year cycle bottom. My macro scenario is for a double dip recession like the early 80s. We will get out of this dip because of all the pumping but the effect won't last forever.

So I am both bullish (short-term) and bearish (longer-term). But I suppose you are just bearish, whatever happens.

David
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