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Strategies & Market Trends : Playing the QQQQ with Terry and friends.

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To: da_cheif™ who wrote (4702)	5/9/2009 12:57:01 AM
From: Walkingshadow	Read Replies (1) of 4814

According to Timer Digest, that would be Glen Neely: topix.net I didn't realize this until just now, but his current prediction agrees with mine: "While many are beginning to see positive economic signs - and being lulled into thinking the bear market is over - Neely is warning it is too early to dive in. He sees at least one more calamity striking the U.S. stock market by mid or late 2009." Neely uses a form of Elliot wave analysis. I can't say I am familiar with his methods, but evidently he has his own unique version that seems to be a much more objective form of E wave analysis. I have never found E wave analysis helpful, but I think he is correct. This recession is a long way from over. Among other things, unemployment will continue to rise for another year at least. Anyhow, there are far too many bulls out there. And we know that the market will do whatever it takes to make fools out of the majority of traders.

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