Bung Belittler .... S'up homes?
The confusing wave formations are a hallmark of a rip roaring move up, cause it's hard to disinguish the impulse waves from the upwaves in the correctives. That's always my favorite time to go long, when i see that happening. As for your call for this market to top soon, i can't dispute that, but i can't trade it either.
My cycles don't call for a cycle high until next Wednesday. Today (Thursday) we had a 16 day cycle low due, so any break of today's NYSE low in the near term would signal a significant sell-off in progress. I definitely won't take on new shorts until that happens, or 1370 is achieved, or next Wednesday, whichever comes first.
On an aside, you should really try to refrain from scaring people out of their long term positions with huge capital gains. Every month i hear you calling for a 20%+ correction, and it never comes!! How irresponsible!! Do you know how much you are costing people in capital gains taxes, then they have to buy back in 10% above where you told them to sell!!?? And i'm not smiling or laughing as i write this! <GGGGGG>
But i still love you, stink and all.
Regards,
BK
P.S. if you expect me to include cusip #'s with my trades, "You've got another thing coming." You're gonna have to hike my salary if you want that much effort outta me!! <g> |
