Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: shades who wrote (63068)	4/30/2005 11:23:39 AM
From: Moominoid	Read Replies (3) of 74559

I don't think the level of stochs tells you a whole lot, it is the trend and the turning point. And in the period you mention the stochs go up and then down. I am beginning to lean now towards a new opinion (again :)). That is that the correction in the markets starting at the beginning of 2004 is over as of Friday morning. It is a squeeze to fit the NAS/NDX in that model, but looking over different indices, stocks, breadth charts etc. etc. it does increasingly seem like that is the conclusion. The operative chart is to assume that 2002=1932. Check this out: gold-eagle.com This broad plan has been my thoughts all along. But we might now be in the wave C of B up into 1937. BWDIK

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