Longer-Term Market Trends Message Board

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Strategies & Market Trends : Longer-Term Market Trends

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To: Perspective who wrote (1933)	10/23/2008 10:00:09 AM
From: AllansAlias	12 Recommendations Read Replies (4) of 3209

Hi guys. This range/coil we are in smells a lot like "iv of 3" in our "big C" down we've been following for a while. That would imply down again next week (v of 3) to a new low as we head into Electrion week, then a countertrend up for many weeks (4 of C) following Obama's victory, and finally, another leg down taking us definitively below the 2002 lows (below SPX 770 in 5 of C), which if I had to guess, would be winding down as Bush is leaving office. So, according to this schedule, you should be getting long some stuff when Obama is being sworn in. Finally, finally, the gold miners are starting to look attractive. I would guess there is yet more down there, but it is serving dessert now. I'll check back in when I am getting long. Cheers, AA

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