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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED

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To: stockman_scott who wrote (44969)12/10/2001 4:37:17 PM
From: Jim Willie CB  Read Replies (3) of 65232
 
Elliot Wave completion on downtrend of LongBond rates
and completion of NazComp
and probably S&P5 also, but not displayed
not only that, but broken downtrend lines on the way to recovery
as rates and prices rose above the trendlines clearly
probably some minor testing during saggy days
very much expected behavior

that dont mean a swift and sudden indisputable rally
but it is great to know the effing fever has broken
and we can start planning on brighter days ahead

excellent link to Murphy/Rhodes commentary and charts
thanks, just dont go posting it on 4-6 other threads
you have been behaving yourself well, esp for a feisty Wolverine

we have begun the next stage imho
bonds will sell while stocks will be bought
the biggest gains will be in smallcaps and tinycaps
with inflation encouraged, these little puppies will prosper
while certain largecap techs rise by 30%, smallcaps will rise by 60%
tinycaps will rise by 150%

surely not without some rocky bumpy riding in first gear
I have a real tough time lately in my little sporty car
but only in first gear
so much power, strong clutch mechanisms, huge torque
just like the stock market

I loved seeing Dow over 10,000 and Naz over 2000
Dow will likely dick around at 10,000 for a couple weeks
maybe Naz also will dick around at 2000
but a new bull has awakened, absolutely certain in my view
he will have sleep in his eyes for some time
the legs will not be so nimble either
many will doubt and block its progress
by late spring it will be clear to all doubters
a titanic Tug&Pull for a while
opposing camps are very much in opposition
that is how volatility happens

nice to see that some posted messages on the Porch are about stocks
was beginning to wonder for a few days
/ jim
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