The Woodshed Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Non-Tech : The Woodshed

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Square_Dealings who wrote (15893)	11/2/2004 11:59:59 PM
From: nspolar	Read Replies (1) of 60903

Michael, regardless of our political views there is no way to remain ultra bearish the general markets here. It is not good for ones health. MO is based on EW. This last move down in the DOW for example now looks almost for sure to have been an abc, not the start of a 1 2 3 .... It has risen too far back up to be the latter. All these bear counts by the bears are wrong wrong wrong, they have been wrong and continue to be wrong. As for me my Ebay poots confirm. I hope to salvage what I can out of them over the next few weeks, and that is it. I am looking for a retrench here, but I think the lows for the year may have been put in. This market looks to me to actually be trending up again, but will likely remain range bound for several months. I think it peters out finally next year, mid year or so. Between now and then I will only play some poots, for shorts. I think an uptrending market here will actually be positive for gold, as well. If money comes out of bonds there will be enough to go around. In the longer term I don't think any of this related to politics.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next