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Non-Tech : The Woodshed
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To: TH who wrote (4689)4/24/2004 8:16:12 PM
From: nspolar  Read Replies (1) of 60920
 
TH, I did a quick read on Petch (I don't rate him highly).

He is basically saying that the first major wave up in the HUI is over and that the correction here will be long. I think he contradicts himself a tad in that he indicates the downside from here may not be that bad. If this is a wave 2 primary correction we are in, it will go on a lot longer, and the downside imo would be in all liklihood be significant.

I don't agree with Petch ... but he may be proven right. I do agree an EW'er has to be willing to change on a dime (per Petch).
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