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Strategies & Market Trends : Classic TA Workplace -- Ignore unavailable to you. Want to Upgrade?

To: skinowski who wrote (127384)	12/23/2005 2:09:07 PM
From: marginmike	Read Replies (5) \| Respond to of 209892

there is a chance we go a tad higher(1-2%), but I am getting VERY BEARISH. Not only are we close to finishing 5th up, a/d h/l breadth etc are all diverging negativly. The bonds are mysteriously rallying, and if the get above 94(tlt) they will make new highs. Gold also looks to launch into space, and oil faling as are industrial comodities. Meanwhille VIX hitting lows, p/c .60 every day, trin overbought. EVERYONE is talking spx 1400 next year, and good growth. OI int heavilly skewed in jan for calls vs poots. COT heavilly short emini specs long(all we need is an increase in big contract). NYSE specialist have shifted dramaticly back to bearish. I could go on and on...The bond charts and gold charts are signaling something out there, maybee its simple as a weaker dollar, or maybee its something more devious....dont know. As ewave we are finished or will finnish shortly a 5th up of the 2002 lows, and even a simple retest of breakout takes us to 1163. I have been a Bear for 3 years now, I am taking of my secular bull hat for a cyclical bear hat. That being said I am looking sometime in 07 for the monster of all bull markets(assuming we dont breach 2002 lows) We have had our impulse of the 2002 low now its correction time. Not to mention yield curve inversion is the most reliable predictor of recession. Despite what the talking boble heads on CNBC say. The only question I have is when we begin. I am short and will add and hold on strength(unless i change my mind of course-g)