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

To: patron_anejo_por_favor who wrote (331)	4/18/2008 8:39:39 PM
From: AllansAlias	Read Replies (2) \| Respond to of 3209

XLF could easily get to $29.50 or so before one would begin to consider the trend might have changed. That would just be the measured move of the brother leg up, to go with that first hole shot in March. Maxim #13: Any decent correction goes far enough to trap some bulls and make some bears cover. Patron, I was writing someone today about GOOG. We had had a 3-way PM thing going for weeks about when GOOG would start to participate. It had to come. CSCO same thing we felt. Anyway, today everyone is waxing eloquent about all the clicks Google can capture in Indian and Asian internet cafes. No bull or bear bias -- just being cold about it -- the f'ing thing got cut in half off the top. Bears need to chill. You know it has to bounce. It closed today about the 38.2% retracement of that crushing decline. Could the downward correction be over? Sure. But there is nothing whatsoever in the chart, what we write about here, to suggest that yet. It'll be months yet before we can share ideas about what it really wants to do longer-term imo.