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To: groundone1 who wrote (8614)12/1/2005 2:18:11 PM
From: wmwmw  Read Replies (1) | Respond to of 12411
 
For the market I also think the same way. Market should make new high and there may be a local top next week but the pullback would be shallow and short. (depends on how market responds to Fed meeting. If market think rate hike cycle would be near the end, the Fed meeting could even be treated as a positive.)
If you check May rally, at early June it reached vertical but the pullback was shallow. That tells the vertical does work, but it's effect varies in different situation, and is affected by many other factors as seasonality, the time frame in a major trend, etc. The major up trend began from April/May and ended at early August.This time it should last no less time as we are at a favorable time of season. That makes this up trend to finish no earlier than later Jan/early Feb next year.



To: groundone1 who wrote (8614)12/1/2005 2:19:35 PM
From: PJr  Read Replies (2) | Respond to of 12411
 
"The reason I try to piss that poor guy is that he asked GZ how to speculate, lol. That is kind of low IMO... It is same as asking $$$ from other ppl.. "

If you're referring to me in this message, I suggest you re-read my original message to GZ. I was not asking GZ to speculate on anything. I was asking him if "time" in this case was a more important mark than "price". In other words, could the 1262 "number" trump the timeline of post-Friday if it comes first.

I will admit that perhaps my question was not as clear as it could have been. Because it seems that English is not your first language I had assumed that perhaps this was merely a misunderstanding and had chosen to let it die after my initial response .... until you admitted that you were trying to "piss" me off. You failed.

As a matter of common courtesy, I would ask that you not be so quick to assign motives, real or imagined, to posters who ask questions of GZ. Perhaps resolving your obvious internal anger at the real source, whatever that might be, would improve your manner of dealing with others attempting to learn from GZ.

Last post from me on the issue. Good investing to you.

Pat