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Pastimes : The Justa and Lars Honors Bob Brinker Investment Club Thread -- Ignore unavailable to you. Want to Upgrade?


To: Wally Mastroly who wrote (2650)7/2/2003 9:23:59 PM
From: Justa Werkenstiff  Respond to of 10065
 
Wally: What happened yesterday was short term bullish imo. Posted same yesterday. But I veiw this market as dangerous for longs. But I have viewed it that way for a month now and nothing has come of it and so it goes....



To: Wally Mastroly who wrote (2650)7/3/2003 1:12:56 AM
From: Justa Werkenstiff  Read Replies (3) | Respond to of 10065
 
Wally: Looks like my June 4th thinking may work out:

"Wally: I am not sure how far this goes in price. Gave up trying to call the top on this thing quite awhile ago.
With that said, you are right -- Investors Intelligence is, well, frothy?? I don't think there is any way to paint the sentiment picture other than negative. But these things can persist. What is dangerous can get more dangerous.

With that said, my GUESS is that we have a Bradley turn tomorrow and that we will make a short term peak in price within a few days and then sell off into opex max pain only to push to retest the highs in early July. There is a big Bradley turn come early July. I expect from that to sell off into the autumn. FWIW."



To: Wally Mastroly who wrote (2650)7/5/2003 9:50:09 AM
From: Lone Ranger  Respond to of 10065
 
Wally,
Here's a worthwhile study for any one interested. Chart the 4 cyclical bulls within the last secular bear from 1966 until 1982. Kind of gives you an idea of what may happen within this cyclical bull trend. Not so amazing how many perma bulls missed this trend change. Just goes to show that even the best can be wrong and it pays to manage your risk and losses.