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Non-Tech : The Woodshed -- Ignore unavailable to you. Want to Upgrade?


To: sammy™ -_- who wrote (41942)11/27/2006 7:30:12 PM
From: SwampDogg  Read Replies (1) | Respond to of 60929
 
<<it's had a good run for the past 5 years>.

With a large pause in between.
Nobody is swingin' from the ceiling here. Parabolic run is just getting going IMO. Dips will be bought aggressively and they should be short (2 weeks at most)

This may be happening now

Message 23011351

<<there comes a time in every large bull when an overbought market screams higher>>



To: sammy™ -_- who wrote (41942)11/27/2006 11:51:29 PM
From: TheSlowLane  Read Replies (1) | Respond to of 60929
 
I could see either scenario playing out, but right now it seems to me that the odds are in favor of a move up from here. Ian McAvity made a good case for a more extensive correction here than what we have already seen. He would prefer to see $500 before the next leg up, but it doesn't look to me like the market agrees. I thought we would be in for a longer consolidation period than what we have seen, but the market will do what it wants to do regardless of what we think it should do.

Interesting article on the art market, thanks for sharing that. I've been thinking about taking some selective profits there, but it's hard to let them go.