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To: pater tenebrarum who wrote (57380)1/11/2001 10:37:54 PM
From: Logain Ablar  Read Replies (1) | Respond to of 436258
 
heinz:

As a response to this post with the indicators screaming buy might it be a tad too early for capitulation. After all the current administration won't want a crash to occur while they are in or just after they've left office.

Justa WAG we probably don't start the next phase down till spring / summer and capitulation occurs in late summer / fall. After all if it happens too soon Bush can still blame it on bubba. Also don't we have the major crashes with a Republican President in October?

Semi's look strong and everyone knows INTL is going to disappoint.

Tim



To: pater tenebrarum who wrote (57380)1/12/2001 3:51:14 AM
From: PMG  Respond to of 436258
 
cool post!



To: pater tenebrarum who wrote (57380)1/12/2001 10:28:04 AM
From: AllansAlias  Read Replies (1) | Respond to of 436258
 
heinz,

We agree on all those points and I think they are excellent. In the meantime, while we wait for them to take hold, there was an excellent move of the last two days for s-t traders such as myself. In general, i do not want to chase a chart when it is too obvisous, but I think I should have chased a little harder recently given the amount of damage that was done to the upside.

For example, yesterday we had a Hound of the Baskervilles breakout of a rising wedge on the teeny timeframe and, at the same time, we took out the DT line from the mid-December high. Taking out two barriers like that and then getting a retrace to it followed by a nice run -- hey man, you don't see that everyday.