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Technology Stocks : Max90's LINK STORAGE to stock quotes
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To: M3SMG who wrote (3796)11/21/2008 6:11:02 PM
From: LTK007  Read Replies (1) of 3906
 
M3, i am openly a EW illiterate, but i heard a TA person i have immense respect for, one Louise Yamada, she uses much, which includes EW, and she says as we look back over time what EW is saying we are in for a long hard time running to 2013 or 2016.
She the structural damage has been far greater that in 2000-2002.
And the cave-in down we had in 1929.
This wave was a feirce unrelenting down wave that has had a rapidity that has done severe longtern damage .
She says the Secular Bear started in to 2000 and then had feirce new bubble in everthing as SPX hit a classic double top and has since reached and broken 2002 lows in a year--much farher that what happened 2002.

Key, she says it is ULTRA IMPORTANT this rally today confirms itself next week, for it fails to do so she feels strongly we see SPX 600 before the end this year.
She confirms my view exactly by what i have said, that today was UTTERLY MEANINGLESS without having confirmation.
Just a short covering run, and NOTHING more.Max
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