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Strategies & Market Trends : Ahh Canada - 2 out of 3 ain't bad -- Ignore unavailable to you. Want to Upgrade?


To: Cush who wrote (4219)2/26/2002 8:12:45 PM
From: Shack  Read Replies (2) | Respond to of 5144
 
Hey Cush. I see you're looking at the DOW as a potential buy soon. I am hearing the same on other threads now and I expect tomorrow will be another up day. Bulls are pumped about us going above the wedges, 200 day MA etc...

The thing is, and I have been wrong before, the waves have a murderous decline in the DOW coming later this week and next week. It should be good for at least 800 points off the next top which I put at 10213 (write that down...I rarely am that precise-g) and it should be very quick and dirty. Just food for thought as I saw your signals and am seeing DOW bulls starting to pop up everywhere. All this consensus is making my spidey senses tingle. Curious to see where your signal stands on Friday.

I am far less sure about the golds. Peter knows I'm very bearish short-term there and promised not to tell the gold bugs for fear of them firebombing my house.