Longer-Term Market Trends Message Board

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Strategies & Market Trends : Longer-Term Market Trends

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To: NOW who wrote (2075)	1/23/2009 11:01:39 AM
From: morokko65	Read Replies (1) of 3209

here is another chart I have been following over the last year: the-privateer.com most of the goofy lending I have seen in the mortgage biz really began after 1994-1995, so if we retrace all of that, we'd get to the congestion area in the high 3000s on the Dow and another monthly Dow with a closer target of 5900-6400 range: stockcharts.com[s87136045]&disp=P So I guess my strategy is to start legging in below 6500 and keep an eye of the potential for a "big crater" to below 4000 Thiking 340 area may be a ST peak for the HUI to take a few dollars off the table, didn't catch the exact bottom, but did add in the 190-210 area

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