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

To: jjstingray who wrote (1861)10/7/2008 9:54:11 AM
From: AllansAlias  Read Replies (1) | Respond to of 3209
 
Yup... our oversold, too-much-fear bounce. It is extremely likely that this is but a sellable bounce in our ongoing "big C" down -- the latter does not look complete from an Elliott pov, vis a vis the downtrend begun July/August.

If we close up over SPX 1050 or so, that big down day closing price in September, we would re-think that.



To: jjstingray who wrote (1861)11/20/2008 6:28:38 PM
From: Perspective  Read Replies (3) | Respond to of 3209
 
And the JPM megaphone read pans out after all. Whocouldanode?



Problem with the darn thing is that you don't really know which way it's gonna break. Actually, I had a pretty good idea on this one, but you don't know how many times it will bounce between the lines.

For the stability of the economy, I sure hope JPM claws back into that triangle within the next few days. That, and I might get another shot at shorting it.

`BC


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