Terry the glumsters are out in a tour de force (a couple of these guys were bullish a couple of weeks ago.
Glenn Nealy is one of those edge on the ledgers, my personal view of the elliot count is that that we have had five waves down into the sept bottom, and even if this is a bear flag off that pummeling, the time relationship is too short, and the economic conditions at this time don't warrant another five wave down move (or that right shoulder crashola the bears show on the monthly spx charts)
i have an 60 min. elliot count that showed a bottom today from the top last week, on spx,oex, ndx, they aren't buying the puts like i would like to see, the rydex otc fund is really puking though, would like to see more rydex leveraged bears fomenting at the mouth for a push to new lows below sept lows.
I been getting the Regis indicator lately, i love Regis, everytime he talks about the stock market we are near a bottom, last week he told Gelman, no more stocks, today he showed a NY rag headline. AOL - You got Nail-ed =g=, and was saying the shareholders (him) got it in the neck -g-
aegeancapital.com
these is the line-up in the last couple of days on aegean capital
1) Dan Ascani continues to be bullish on mining stocks, and advocates alternative investments. LISTEN
2) Stan Harley says "there is more pain to come short-term, but we will have a heck of a rally in the summer" LISTEN
Tuesday 4-23-02: Post time: 7:00 PM PST Guests:
1) Dr. Marvin Appel says he had found signs for hope, but they are now gone...LISTEN
2) "Zapata" George suggests to stick with shorts only. LISTEN
3) Glenn Neely boldly predicts a 40% decline in the SP500. LISTEN
4) Hugh Lynch says sell cyclicals, stick with gold stocks, until gold reaches $325-$350 per ounce. LISTEN
there are a lot of similarities between now and last august though, so i don't want to be to aggressive a contrarian just yet. |
