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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?


To: shades who wrote (63075)4/30/2005 3:40:02 PM
From: Moominoid  Respond to of 74559
 
I just got my Uni to buy me a new Apple and probably later in the year could get one at home too... :)

hat end with 5 and that kind of stuff they start losing me and my respect

Yes that is nonsense.

I only use TA which could make statistical or economic sense to me.

There is a logic to the overall traditional TA, or E-Wave patterns which is based on market behavior, though mainstream economists tend to reject it. If everyone traded according to the chart stuff that makes sense it might likely disappear :)

This is the classic book on TA:

amazon.com

Now Gary said this market reminded him of 94 - if so and we use the past to predict the future - then in 06 in the fall we will have a rally coming out of the 05 trough if I read it correctly and this is indeed like 94.

In terms of the macro situation there are a lot of similarities - we're at about the same point in the business cycle.

I bought a copy of Barrons to look at - seems there is a lot of interesting stuff in there this week.

David