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

To: skinowski who wrote (377)	5/2/2008 6:42:18 AM
From: AllansAlias	Respond to of 3209

LOL. You know how it is. I love visiting the UK. It's a brilliant place. But, the Canadian dollar is .5 a GBP and everything you buy has the same numbers on it. I only go there on business. I often wonder how anybody affords to go there for a holiday. Last night was the first in my own bed in a while. It's good to be home. Market looks fine here as we've kissed SPX 1410. I see lots of stuff that, even in the bearish case, that has a little more room to the upside before it could be considered to have completed a correction: charts such as banks, retailers, and homebuilders. Bottom line -- the bearish and bullish scenarios are still aligned, so we stay long.

To: skinowski who wrote (377)	5/3/2008 3:12:34 PM
From: AllansAlias	Read Replies (3) \| Respond to of 3209

JPM may be sporting a rare pattern: It's only after the fact that we know if the pattern was "real". A TA pattern has to look right, which we can see as it is being built, but it also has to act right, which we only see after the fact. TA works because the patterns act right somewhat more than half the time.