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Strategies & Market Trends : Classic TA Workplace

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To: AllansAlias who wrote (164183)3/10/2008 1:12:54 PM
From: Perspective  Read Replies (2) of 209892
 
One way or another, I think we're on the same page here: high likelihood of a multi-year secular downwave.

I will be astonished if it unfolds as an impulse as you are suggesting. Seems like all the long timeframe downward moves play out as sequences of threes interrupted by corrective waves, eg abc-x-abc-x-abc. Bulls and bears too quick to sell, and countercyclical monetary and fiscal intervention too quick to arrive. (vs. no countercyclical action ever taken during bulls)

`BC
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