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Strategies & Market Trends : Classic TA Workplace

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To: Henry J Costanzo who wrote (163287)	3/1/2008 11:20:47 AM
From: Sunny Jim	Read Replies (1) of 209892

<<IMHO can only be read as indicating an important market bottom area here, and an important market advance looming ahead...>> You may be thinking based on the pattern over the past half dozen years which has been since 2003, a bull market. It's quite possible that we now are and will stay in a bear market for the next few years, and the past ISEE pattern isn't valid for indicating bottoms. Based on the erosion of the fundamentals in the economy, I'm going to be real reluctant to use indicator patterns that worked well in the bull market. I'm looking for a new pattern to evolve. Just another opinion.

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