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Strategies & Market Trends : John Pitera's Market Laboratory
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To: Terry Whitman who wrote (10293)10/15/2008 10:10:12 AM
From: nspolar  Read Replies (1) of 33421
 
I think the sentiment could be 'right on'.

I recently showed the weekly AAII sentiment chart from Dpoint. Only one point on that chart that was lower, and that occurred in the late 90's. Following that the SPX walked more or less continuously up to the '00 top (a factor of 5 higher).

I think we are in a 4th wave correction here and maybe a ivth of 3. If so it would soon be buy time. Still focused on mid Dec.
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