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To: ild who wrote (93914)4/13/2001 4:35:15 PM
From: yard_man  Read Replies (1) | Respond to of 436258
 
Yes, a consensus seems to be forming here that we have a slight pull back and a rather quick move on the COMPX to 2500 or higher ... last weeks jump was impressive, but I don't know.

I may play a little more conservatively, but I think there are a few obstacles to this huge retrace folks expect -- I disagree with the consensus at least in one aspect -- time: if this is going to happen, it seems to me that it has to be extremely rapid. I don't believe a 2 - 3 month move up is possible given the back drop of deteriorating economic conditions.

If this cycle stuff is accurate the turn on the 23rd amounts to anything, I'd look for a rocket next week ... long positions should have already been taken. Hard to believe the 23rd could be a low now ...



To: ild who wrote (93914)4/13/2001 4:44:34 PM
From: yard_man  Respond to of 436258
 
I see no controversy at all -- Just degrees of bullishness ...

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