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To: Perspective who wrote (9032)10/21/2008 11:37:52 AM
From: skinowski  Respond to of 41419
 
By now, I think it's a good assumption that we are in Wave 4 of 3. That means that the next breakdown may precede a tradeable rally - Wave 4 of the Bear up to date. I think it may last for many weeks, maybe even months.

Staying in cash - except for Energies, many of which pay big dividends. Counting on China not to stop driving, using electricity - and taking hot showers... :)



To: Perspective who wrote (9032)10/21/2008 12:28:39 PM
From: TRINDY  Read Replies (1) | Respond to of 41419
 
Greetings. Could you please supply an elaboration on what you mean by "coiling?" I greatly appreciate your contributions to various threads. Cheers!



To: Perspective who wrote (9032)10/22/2008 9:47:56 AM
From: skinowski  Read Replies (1) | Respond to of 41419
 
I'll betcha it'll be a triangle. This down swing ("d") needs to play out, which will define the lower trendline... than a wave "e" swing up - and we'll be ready for the 5th of whatever down.

("Whatever" may be Wave 3 -- or it could be (only) 3 of 3. Can't tell. Maybe will clear up as things evolve).


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