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Strategies & Market Trends : John Pitera's Market Laboratory -- Ignore unavailable to you. Want to Upgrade?


To: ajtj99 who wrote (10985)12/19/2008 4:22:58 PM
From: Cogito Ergo Sum  Read Replies (1) | Respond to of 33421
 
I'm bearish early next week aj... bearish on what.. bullish on what.. general markets ? ie DOW... S&P..

Gold stocks held on real good today despite the POG.. so a good dump or a spike on Monday :O) Pick'em...

I'll be skiing Lake Louise or in the Hot springs if it's still frigid.. (-40 is frigid... -20 we can handle... :O)

You ain't seen nuthin' like the mighty Quinn..

Quinn the Eskimo... ~ Dylan popularised by Manfred Mann



To: ajtj99 who wrote (10985)12/19/2008 6:53:26 PM
From: Stoctrash  Read Replies (1) | Respond to of 33421
 
AJ..thanks for sharing your road map.
Don't be shy to link some of your good stuff on Ihub over here.
I try to catch up on you over there but I'm sure I miss some good charts & such.

I don't have a road map per say...only that it's looking like some rough sledding for a while unless some major event changes the tide. It all boils down to jobs & confidence. Confidence in house prices, confidence in free (now quasi free) markets, confidence from the lenders to lend, etc, etc. Choppy markets w/ a downward bias like your map suggest seems to fit the bill.



To: ajtj99 who wrote (10985)12/19/2008 11:37:21 PM
From: nspolar  Read Replies (1) | Respond to of 33421
 
Did you readjust your models over the last few months?

If so why?

I am curious aj, only reason I am asking. I seem to recall some things you said early in the fall about your models. Did we not go substantially lower than your models, at that point in time?

I am not sure at this point if my longer term views, regardless of the shorter term or intermediate term views, require changing. It will likely depend on the lows achieved in January. The lows achieved to date have been lower than what I originally envisioned before the fall knock started, but probably within tolerance. If these lows get taken out by substantially lower lows, I think I will have to change some things. I may anyway.

I can also unequivocally state I am not in agreement with some of the big 'wave' guns, in certain areas for sure.

In this business models have to entertain a certian amount of 'fluidity', at least in my opinion. Yes it is a word.

"1 : the quality or state of being fluid
2 : the physical property of a substance that enables it to flow"

TF