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Strategies & Market Trends : CFZ E-Wiggle Workspace
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To: Galirayo who wrote (8432)9/4/2008 11:40:53 PM
From: robert b furman  Read Replies (3) of 41414
 
OK Ray,

Time for you to debate my thoughts here:

PSAR is at 1200.44 (that is right on the previous spike low 8 WEEKS AGO @ 1200.44)Awesome coincidence.

Now I'm a believer that any new low must marginally violate the previous low for at least 3 days (partial days count).

2 day psar's are pretty rare.

Collapses in markets don't occur off of 11 month declines.

I think it is a value dip buying time and you need to shed that bear rug you are wearing.

Smart shorts - go short at tops not bottoms.That's not to say that successful shorts don't get greedy at bottoms - just as successful longs stay long much too long also.

Just the opposite spin and I've been wrong plenty before.

Time will tell my friend - but I'm taking the other side of the coin.

October gives us earnings on a global basis and there is enough time to have one more anemic rise and a flat line on low volume that is scaryu and boring.

These are the moves of bottoms.

By then oil will bust 105 and get below 90 and we've got a consumer that is better off and now conservative, as exports boom.

That's my story - I'm sticking to it.

I'm in tech - no energy and no natural resources.

My stocks have been backhanded for 8 years and there's only so much they can go down.

BWDIK

Bob
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