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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: Slagle who wrote (63663)5/9/2005 5:32:41 AM
From: shades  Read Replies (3) of 74559
 
Looking at phils charts from the macro scale posted friday - I don't see how you can argue with his analysis - he talked about people holding on in past markets for TAX reasons - or maybe it was kaultbaum - but they said that is not wise.

Phil said friday we are not gonna have a refinancing miracle like in 2003 to make the market have FUEL. I have not heard anyone here give a good explanation why Phil is wrong from the macro level - he did not say everything is going down immediately - but he said there is no more fuel to make it go up either - so it will either muddle through or go down. How do you make money in a muddle through market?

You can't make money shorting if things don't move much in price no?

I think any talk of the markets going up from here is just not rational according to Phil - so how do we play the next 3-6 months?
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