Longer-Term Market Trends Message Board

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Strategies & Market Trends : Longer-Term Market Trends

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To: AllansAlias who wrote (87)	3/31/2008 9:25:02 AM
From: skinowski	Read Replies (2) of 3209

The answer is yes and yes. The bullishness is based in part on "intuition" - but more so on several potentially positive setups, as posted on this thread. They are not broken yet. The important fact, I think, is that the October decline is so easily readable as a completed fiver. That said, we all know that fifth waves are very tricky and have an unpleasant habit of sometimes "extending" the very moment you're done counting them. At least another - deeper - test of the lows is quite probable, I think. It is not necessarily a comfortable place to be long here. I am scaling into positions very gradually - and using stops. The time frame for the impending (sooner or later) 2 (or B) would be several weeks to months.

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