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Non-Tech : The Woodshed -- Ignore unavailable to you. Want to Upgrade?


To: Little Joe who wrote (5367)4/29/2004 6:00:27 AM
From: crustyoldprospector  Read Replies (1) | Respond to of 60908
 
Little Joe & nspolar,

Also indicating things have changed, the uptrend in highs:lows from the July-Oct '02 lows has clearly broken down, but the spike that would prove a bottom is still a few weeks off, assuming the power down trend holds:

stockcharts.com[g,a]dbhlnyay[df][pc20!c20][vc60][J7903903,Y]&pref=G

Importantly, a little froth has come off bullish%, indicating a trend change in sentiment, but a bottom is still far, far away:

stockcharts.com[h,a]daclyyay[df][pb50!b200!c20!f][vc60][ill14!la12,26,9][J6581246,Y]&pref=G

Aside from e-wave counts (which can always change), I'd sure welcome evidence showing that there is a better time to buy inverse funds, puts, and shorts.

nspolar, are the Rydex boys telling you anything worthwhile?

crusty