Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: TobagoJack who wrote (6648)	5/22/2006 11:15:53 PM
From: Moominoid	Respond to of 217865

We're in a secular bear IMO.... but this correction may not take out the 2002 low in the stock-markets... still a 50% correction of the run-up from 2002 would be highly significant. Probably not a big chance of an actual crash but instead a couple more down days to complete wave 1 or A down on the SPX and then a countertrend rally.... My main scenario is that 2002-6 is just the first leg of a massive B wave bear market rally like Japan saw for much of the 1990s. 2010 would be the real bottom in that scenario. The correction here would then be pretty sharp.

To: TobagoJack who wrote (6648)	5/23/2006 12:22:21 AM
From: Taikun	Read Replies (2) \| Respond to of 217865

<buy the bottom for bounce or short the interim top after bounce> You could try both. Folks like these guys make it easier: hbpfunds.com In general, I think it is slightly safer to short the tops, since the predominant move is down and therefore any mistakes in timing will be remedied by time. Buying the bottoms and selling, OTOH, is all about impeccable timing. BTW, Faber says gold will do well LT, and I agree, but aside from a little relief rally perhaps I don't see how we have a repeat of the strong move Dec-Apr anytime soon.