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


To: SwampDogg who wrote (25420)4/9/2005 11:57:46 PM
From: SwampDogg  Respond to of 60899
 
i thnk that McHugh has put out some good stuff but I have to say that this article is pretty silly.

safehaven.com

Picking a range of a couple weeks between late May and early June and connecting minor high and lows from the past few years is just goofy. Fibo cycle work is interesting but you have to have better evidence than this to make a case. There has to be a strong relationship between major highs and lows to a range of at most 3-4 days. Too many variables otherwise. Some of the turns he is using are just unimportant. Trying to find something out of nothing.



To: SwampDogg who wrote (25420)4/9/2005 11:58:36 PM
From: blind-geezer  Read Replies (1) | Respond to of 60899
 
---The only "do or die" here is whether we blast off here and now or suffer another 20% pain over the coming weeks.---

adding another 20% on the stuff that I am down 20% will make it down a whopping 40%, then it has to go back up 70% to break even ...



To: SwampDogg who wrote (25420)4/10/2005 12:50:03 PM
From: nspolar  Read Replies (1) | Respond to of 60899
 
Yes it would damage the portfolios of current holders, and more than likely most in leader issues. They have been holding things up.

But I think a break here would spell trouble, trouble that would not be quickly repaired. It might also indicate the neither gold or the indices will go as high as optimists like myself have thought.

I like to use fan lines fuddle. I think fan lines should hold, and continue to generate new ones, all the way to a first primary top. There they should break. That is just my 2 cents.