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Strategies & Market Trends : ahhaha's ahs

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To: GraceZ who wrote (10228)	11/12/2007 12:50:41 PM
From: ahhaha	Read Replies (1) of 24758

They got religion somewhere between the March and August declines. True. Isn't it hard to be obedient to the internal market? I like my past characterizations, "the bear phase started a year ago about Dec 29, 2006, or so", and the recent, "a bear phase started in Jan 2005 with the flow phase Elliot Wave first count ending Oct 2005. The second count completed at the end of the year 2005. The third count downside ended Sept. 2006. The fourth count reaction wave ended May 2007. And the fifth count which completes the bear phase occurred at the end of July". When money is flowing in price is dropping. This may seem surprising but when you're an institutional trader you have to aggressively buy when price is declining.

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