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To: Moominoid who wrote (123026)8/17/2005 6:12:39 PM
From: skinowski  Read Replies (2) | Respond to of 209892
 
Yes, it's bearish. But the EW philosophy is all about harmony and Fibo degree corrections. We had an enormous run in the markets since the October 1974 low.... and sooner or later, or maybe now, there will be time for a "pullback".. g/ng.

Remember the "Seven fat years and seven lean years"? Here is an example you may like:

Take the biblical tale of Joseph. The famous seven-year cycle of feast and famine appears to be one of Egypt's regular routines

(OT)

csmonitor.com



To: Moominoid who wrote (123026)8/17/2005 9:47:28 PM
From: Perspective  Read Replies (2) | Respond to of 209892
 
Why wouldn't the logical expectation here be for very negative economic developments going forward? I just don't understand why people are so opposed to a serious correction. History shows that, following a two decade run like we had, you should *expect* a significant secular bear. Why is that so hard to accept? Especially given all the things that are right on the edge here?

BC


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