Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Max90's LINK STORAGE to stock quotes -- Ignore unavailable to you. Want to Upgrade?

To: LTK007 who wrote (3804)	11/21/2008 9:56:43 PM
From: M3SMG	Read Replies (1) \| Respond to of 3906

It's funny my post and coming out of the woodwork looking WAY down may have marked a significant bottom, but in no way can I count THE BOTTOM. Today could be the bottom of 3 (the most powerful wave) but only means we have 4 up before we finally do 5 down and end this bear from 2000 around the trendlines I referenced. Have you reviewed Harry Dent's free Post Election Update at www.hsdent.com? Funny he was on CNBC today just before we launched talking about his next great depression book. A new Abby Jo indicator? <g>. I think not! This guy has called it better since the 80's than anyone. View his presentation and let me know what you think. We can't print our way out of this. We have to return back to trend and slow steady growth. Yes we could launch right out of here or over the coming months based on the 6+ trillion pumped in globally so far, to da moon with DOW 30K and gas and milk inflated to $10 a gallon, but that just prolongs the real correction back to a slow steady trend growth. Hasn't Japan tought anyone anything? Best case, after this next wave 4 up starting today or soon, which could by rule go all the way to 1256.98 S&P, we correct down to the trendline level and finish the bear since 2000. This wave 4 up should run easily into 09, but may chop around for a few years into the 2010 Benner Fib high, before correcting back to trend. Best case the whole correction ends next year. However, based on Dent's population studies and his cycle call many years ago that 2008 would be the ultimate top, I'm now starting to favor a count which suggests this is only the first leg down of a big ABC correction that doesn't resolve itself until 2012 when the Mayan calendar ends <g>, or later in the next decade. So the big bull from 1932 ended in 2007, we're in wave A down into 08-09, B up into 2009-2010, and then big C down into 2012-2015ish. Watch his video and you'll understand this ABC count fundamentally. In summary, although we could be close to ending the bear of 2000 next year, I'm starting to think this may only be the first leg. Regardless, we may have made a SIGNIFICANT bottom today, and it's time to get clown long with stops for a strong bear market rally...wave 4. What I was posting earlier today was much worse, that the most powerful wave could just be starting...and is still possible, but with the holiday shopping season ahead, the PWG needs to pump it up <g>. I've never heard of Louise but will look her up. I completely agree with her views. We MUST have bottomed today or very SOON or we go MUCH lower in a heartbeat. Overall I think she's right that this takes many years to resolve itself. I'm playing the bounce up.