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Strategies & Market Trends : Bonds, Currencies, Commodities and Index Futures

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To: Real Man who wrote (11486)	6/2/2006 2:56:36 PM
From: Rarebird	Read Replies (1) of 12410

>>We are on track for breaking 1944 record for the number of days without a 2% down day in SPX.It has been more than 2 years now.>> Isn't that proof enough that we are on the verge of a "new era" here? -g- The initial leg down (from 5/11) was a wave A in Elliott-speak while the rally we're in now is a wave B. The second shoe will eventually drop, though, as wave C retests recent lows. I suspect that that final leg will not get started for a considerable period of time -- not coincidentally, after those put options expire in June! PS I just hope I'm short when the "big kahuna" comes. It's like "Waiting for Godot". I'm sure you read or saw that great play from Samuel Beckett.

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