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

To: skinowski who wrote (327)	4/18/2008 5:03:56 PM
From: patron_anejo_por_favor	Read Replies (1) \| Respond to of 3209

Good point....Give me a 29+ close (on the XLF) and you might make me a believer...until then, it's just a candidate for channelingstocks.com.....<VBG>

To: skinowski who wrote (327)	4/18/2008 8:57:10 PM
From: AllansAlias	Read Replies (2) \| Respond to of 3209

I find it fascinating that a day like today can influence folks so much. The major chart decisions are still pending -- not yet decided. My stance, and my 20% long equities and 80% cash, is unchanged for weeks. From April 8: In that SPIRIT, my feeling today is that the market is going to continue to jello around for many weeks yet, then go down again to test the lows. In the shorter-term (next two weeks), I expect another really good pop to the upside -- to the SPX 1410 level. When we get to that 1410 level, we'll have to do some quality thinking -g, but until then I really don't see how the maps have changed one way or the other. I am not wanting to be bearish. I only want to be on the right side of the longer-term moves. At this point, I do not see the data that I sense others are seeing. Those who do see that we have significant changes in chart patterns/counts, please share. Tx. I am not saying the market is heading down. I have not said that. I've believed it was headed up -- but into a trap. Will I turn my long into a short to try to catch the top? No. I'll let it ride for a bit until (if) it starts to confirm my map -- then I will turn it over. If the thing stays trending through 1430, I'd be a fool to turn over my long.