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

To: jjstingray who wrote (1466)	7/23/2008 1:19:31 PM
From: ~digs	Read Replies (1) \| Respond to of 3209

no analysis or chart?

To: jjstingray who wrote (1466)	7/24/2008 8:23:26 AM
From: Jerry Olson	Read Replies (1) \| Respond to of 3209

Hi JJ i disagree, if the market pulls back 1-2 days from overbought short term McCellans, that would be in keeping with a big up week next week. We are buying every dip thru the next 7-8 weeks or so long.. while the QID is at good support here any rally up is a short. and any break below 43.00 means the markets will explode up... buyitbuyitsellitsellit.com I beleive that July 15th or so was a big time LOW for this market...

To: jjstingray who wrote (1466)	7/24/2008 9:03:37 AM
From: AllansAlias	Read Replies (1) \| Respond to of 3209

Those funny 3-wave bottoms we saw are a worry, but many charts sport a 5-wave move out of the low. It's probably the low for a little while. In the "big C" scenario, this up is only 'ii of C' down. I think one has to buy the pullback here. Stop is pretty clear -- anything within a few points of the low. We are now back to the same level in SPX where I covered the last SPX short. I wanted dessert to go by, and I always want the appetizer to go by the other way (i.e., up). I think that is being served now. There are only three choices here: 1) I am dead wrong and the low in July is a low for many months to come, rather than only a wave 'ii' up. 2) We head soon to another minor new low before a sustained rally. 3) We are in the first part of the wave 'ii' up, with the brother leg to come. Well, #1 and #3 will look the same for a while -- remember my post on "meat and potatoes": Message 24779117 Basis SPX, we've seen 5 waves up out of the low now, so we should be thinking ahead to getting long for the brother leg. Those funny 3-wave bottoms still worry me, making me less confident, but what the hell... sometimes a market just doesn't count and you have to throw EW out the window. Summary: -- stance for a few weeks: up -- stance for months: down