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Strategies & Market Trends : Longer-Term Market Trends
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To: Mongo2116 who wrote (2464)10/14/2013 6:52:20 PM
From: Fintas  Read Replies (1) of 3209
 
First I've yakked with Pokersam and although we do not see the exact same numbers he has always been friendly and professional with the exchanges. As well as being very generous with his work.

So I can't speak for your or others interaction. I just know I enjoy yakking with him

As for being wrong for two years. I'll submit this. I waited for JDSU to move from the 3's to a target of 29 that I thought would take 2 1/2 years. It took 3 1/2 years and although it did go to 29.12. I sold at 28 and change. So from where I sit.. that % for the time frame worked for me.

But let's look at it from another point of view.

There are those who were looking for 1600 back in 2007. I was one of them. And as we know it didn't happen as we dropped from the 1568 to the now infamous 667 ish.

And then near 4 plus years later hello 1600 six.

But lets keep it real. If a bull can be wrong for 4 plus years and many were. Then one with a bearish slant can slso be incorrect for a couple of years.

So a few moret targets that have not been hit in a couple of years.

How long did it take POG to go to 1900. I'm on record saying I sold POG in the 1900 and change. I'm also on record saying I began buying it in the 167 area in 1977 area. HMMM that's a lot longer that 2 years.

OR how long have some been pushing 16k dow?

How about 3000 POG?

We are all here to try to get an objective view.

Yet in the end there's only ONE who really knows and that isn't me.

Be well and thanks for the polite response

Fintas
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