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Strategies & Market Trends : Peabody Coal vanguard retirement forum

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From: MACD X9/17/2008 8:31:51 PM
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09 17 08 mid week update video

screencast.com

The video above is was made on Sept 12 about a week ago but the information is the same. This video talks about the long term trend of the market near the end of the video and uses the same 13 and 34 moving average lines that this site is set up on.

His view is the same as mine in that we both consider the market in a down trend.

I thought it interesting enough that is was worth posting to let you look at another view from what I have been posting.

We are getting the mini crash that I felt that we may get and a good buying opportunity may present itself shortly.

We I make the call to change it will be after price has jumped one of the blue lines on the chart and not before. We will not catch the bottom, I can assure you of this. But hopefully can get into position to catch a ride for a longer term missing almost all the pain being felt by others that are involved in the stock market.
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