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 (1490)	7/25/2008 12:51:51 PM
From: frigengenius	Read Replies (1) of 3209

Pretty much where I'm at. I have too many counts going on in the SPX. QQQQ's my fav...bottom may be in or one more trip lower. I'm favoring that the near term bottom was the bottom of a 3rd wave down at 43.30...so still looking for lower there. BKX...still in watch mode. I think there is a good trade coming up here. Torn between a bottom is in or one more low....but still looking for lower prices regardless. So my stuff is confusing in the BIGGER picture. When that happens it's best to be non committed to any count. Get on the wrong side of a count and it's doom. Notice how many permabulls have fallen silent across the boards in the last months? It's not coincidence.

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