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


To: Michael Watkins who wrote (6326)5/8/2004 4:33:18 PM
From: blind-geezer  Read Replies (1) | Respond to of 60907
 
<<Ralph Acampora, chief technical analyst at Prudential, is the poster boy for such foolishness>>

okay, lets be fair with Larry Kudlow and Joe Battipaglia (he used to be with Gruntal, haven't seen him lately) they should also be poster boys for they also believe a bear market would ever exist ...



To: Michael Watkins who wrote (6326)5/8/2004 6:05:48 PM
From: nspolar  Respond to of 60907
 
Fwiw Michael, my current LT EW says the market is not in a Prechter correction of ultimate degree. I am a little hazy on how long this correction runs, maybe to 2011. It will ruin a lot of bulls and bears imo.

I do have a longterm path I outlined but it is not readily available. Mycharts forced us to minimize our archive, and I had to reduce. I do have a huge C of (B) starting late in ´05, that could take the SPX and DOW to new highs or nearly new highs (not the NAS however). Once that is done the market would go into a long C down that will take the markets to new lows, and a low that would end the correction.

Just a path I have. There are lots of others too I suppose.

FWIW.