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Strategies & Market Trends : Waiting for the big Kahuna
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To: Tom M who wrote (38060)3/8/1999 12:43:00 AM
From: Death Sphincter  Read Replies (1) of 94695
 
Tom...i've been posting around here for 2 1/2 years......have had many friends as well as many posters saying 'man this thing is really overvalued".....but thru early 98 they kept churning out good earnings growth and the Goldilocks factor.....and during that time my position has been take you profits on your puts before you get greedy, which is the point where everyone starts screaming CRASH! during a correction ...and then buy the dip cause the herd will and you can't fight it
but now i am SMELLING crash this year.......500 point swing equivilents in both directions every other week and people saying its boring!! 2000 down and then 2000+ up and Ralph says its the beginning of a new bull market....every major 'General' looking like it is at,in or past the end of a major 5 wave Elliott Wave series....is it going to 10K, why not its only 3 hours away at this rate....is it turning around tomorrow or Tuesday, well i can give arguments for that also
but i have no problem with 10K, great place to load up the puts if it makes it

after days and weeks of indepth analysis i have come to the following conclusion for the outcome of this year, one that I expect to be repeated verbatim by Abby on Louis' show

it smells like the outhouse door on the deck of a tuna boat in the tropics

Stinking Like a Lockerroom
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