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

To: lostfarmer who wrote (2065)	1/4/2009 6:34:29 PM
From: SwampDogg	1 Recommendation Respond to of 3209

typical wave 3 contrary sentiment (disbelief) why short a trend until it has proven to not be one? perhaps a hint of where we are in the LT count stockcharts.com Already overlap of first 3 down confirms corrective nature of decline (unless this is a 'b' of a larger 'C') which would need to be proven IMO stockcharts.com Trend in bullish and the move off the lows is not unlike what one would expect of a larger Wave 3 (huge and relentless). A pause would be normal but it may not come for another few weeks. In the PMs players still seem to be in the sell the rally mode which may point towards much more upside. If this is a Wave 3 of larger degree than by the time it is over the market will be clearly in the buy the dip sentiment. On the POG any break above $895 and new highs are very likely in a hurry. If people are looking for an excuse for a spike just look East. TA heads know that things like this just happen to come along during Wave 3 moves. The market will latch on for some FA backing to rationalize it. For me I just look at what is going on FA wise to give more support to a preferred count. In general the shorts have had their turn for many months. Time for them to have a few months either sippin' on a Mai Tai or with their balls in a vice IMO. If this market is going a lot lower it needs to go quite a bit higher first.