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

To: Clappy who wrote (137687)	10/20/2006 8:24:51 AM
From: skinowski	Read Replies (1) \| Respond to of 209892

I cancelled my subscription some years ago and do not know the details, but I've heard that he is (re)interpreting the 2002 rally as being the final wave. You are right. He may be correct this time, or he may be wrong, but he certainly allowed himself to be on the wrong side for far too many years. I still consider him to be one of the brightest market people out there, but thinking in terms of multi-century trends "imminently" reversing themselves may sure get a guy into trouble. Btw - that's not something I or anyone should trade - but every time I look at the long term chart of the DOW, I keep getting the feeling that since 2000 we had an "A" and a "B" - meaning, there may be a "C" somewhere ahead. The rise up to the 2000 top was too huge.... hard to imagine that it could have been "fully corrected" in one sharp 2 1/2 year decline.