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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: Proud Deplorable who wrote (89070)	11/21/2007 4:16:47 PM
From: benwood	Read Replies (2) \| Respond to of 110194

We aren't in panic/capitulation mode yet, but I think the market psychology could tip that way at any moment. Very precarious right now, and the last 30 minutes of trading showed that more people are testing their reflexes for getting out the exit before the rest of their seedy lot. I think a lot of things could cause sentiment to tip into the gutter e.g. anything that stops people from getting their money out of a bank easily, or any large financial institution going belly up, at least over the next several days. I haven't seen the markets behave (and feel) this way since... oh, never mind. This is fundamentally worse than that other time, by a wide margin. I do think it is more likely that nerves will calm in the next couple of weeks however and that a struggle upward will resume for a while. I agree with West though that the roller coaster downward has commenced.

To: Proud Deplorable who wrote (89070)	11/22/2007 3:39:36 AM
From: westpacific	Read Replies (1) \| Respond to of 110194

You get it.......you say it is different this time, well let the chart prove it. Break below 12500.......then we change the pattern. It could be so, but we let the chart dictate. Did I say market is not going down bigtime, did I not say in October INDU 12795.93 give a take a little. Why would anyone question no bounce here. FED will step in, that is what folks are missing. Maybe even more than just a rate cut! What I am saying is we are topping, and that process is not yet finished and will not be till between Febuary and April 2008. If you look at many techncials, even the banks, I see an overbought correction based on fundamentals of market problems. All I read on these and every other thread is PANIC, panic is for fools. More this weekend, if I find the time. As for CAF, this is a lifetime hold. And yes I still have it from day 1. Invest in China, Brazil, Malaysia, Australia and New Zealand (Rogers). There are a ton of very great stocks traded on US exchanges that are being put out to pasture on these takedowns. Find them, and get rich. Love what Rogers said, China is like US in 1907. You just have to buy China and these other markets right, here and now - most likely not. But develop your shopping list, understand their value and stalk them. IN the coming market meltdowns there will be unreal buying chances. Forget the panic, focus. FYI this cycle is going to take into 2015 to finish. About that long to clean up this whole mess. Along the way we will have tanks and rallies, forget the news, the hype and trade the chart. So many talking about all the negative news, so few talking about the positives! Focus on the POSITIVES and you will be a happier person. What you all need to do is be hedged going forward, there are many great ways to hold a short hedge or currency hedge in your portfolio, do it. One last point, reading all this DOW Theory sell signal stuff, it is total BS. Why, the real bear market DOW Theory sell signal is the 50% level, INDU 10643. Also the Utility chart just went very bullish this week, what if it breaks out to a new high? Sure Transports are breaking down, but that from a very overbought condition. Watch Utilities, they break down, we change our tune. Dow Theory is not just Transports, show me both breaking down and then we have something. Great Thanksgiving to all, hug your wife and kids, tell your dad you love him while he is still around. Life passes so quick. We are all blessed to be living in these times, live is easy and full of excitement. We live in the greatest nation on earth, do not question that. Give thanks and find some time to help a person around you in need at this time of year. And include your kids(A. Robbins used to say how he took his kid to the old folks home to have his kid hand out ballons, smart man that Tony). West