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Strategies & Market Trends : Longer-Term Market Trends -- Ignore unavailable to you. Want to Upgrade?

To: AllansAlias who wrote (177)	4/8/2008 1:47:05 AM
From: chris714	Read Replies (1) \| Respond to of 3209

<* The bears should demonstrate more patience. When was the last time the SPX went down for 5 straight months? Surely, even a hardened bear doesn't expect a straight line. (Gold-heads are just as bad btw -- buying every dip like gold can't correct for months and years.)> great post(s)........my ability to generate charts is nil, but I am certainly learning a lot from this thread. FWIW..I think the S&P eventually goes lower this year... 1150(1060) area seems to have potential. AA is right, the index will probably not continue to go down in a straight line without intermittent rallies. The question that I have been pondering is how long will these rallies last and how large a retrace...1378...1390..1410..1425 etc..From experience, they usually go on longer than I expect. I was trading during the 2000-03 bear so I am using that for reference. I am sure that experience will be helpful but by no means will it be an exact blueprint. As far as gold goes..I have had a large part of my portfolio in metals since 2003 but I believe that we will have huge pullbacks during this bull...50% drops are possible. I'm just going to try to continue to position myself as best as I can Chris