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Strategies & Market Trends : Strictly: Drilling II
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To: Frank Pembleton who started this subject2/13/2003 9:15:34 PM
From: longdong_63  Read Replies (1) of 36161
 
slider...You are very convincing in your arguments for a top. Others are very convincing with a higher low, backing and filling theory also eventually leading to new highs. The possibility of what worked before with a stone wall at 410 for years can't possibily hold forever. There are a lot of derivatives pinning price action compared to 1980. I can't imagine anything sustainable in the indices except for more sustained PE compression. Agreed, Sinclair lost a little credibilty by scoffing at the other side. I like to hear both sides before arriving at a conclusion. Thanks for stating reasons from the other side for me to evaluate. :-)
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