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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?


To: ggersh who wrote (101710)2/27/2009 6:31:55 PM
From: LTK007  Read Replies (2) | Respond to of 110194
 
i am trying to break the news gently gg(VBG:)
Plus i will have to ask GODZILLA my computerized program.

On really looking closely at GODZILLA's chart and trying to find how did it arrive a 724(sort of like asking Deep Thought why was the answer to Every Thing 42? :)

And looking closely all i can see that following a forced march upwards of near 19 months into July 1996, we had a hiccup at 680 and rapid pulback to 608 and then a run to 762.xx and and pullback to 716.xx and yada yada.
i am now with my own brain minutely studying the period from 7/96 to thru 1/97.
And i do see the argument for a period of upsy downsy above 724 which i have to give credit to Godzilla as being borne out.
But the more i am looking at this chart i am thinking the ONLY support we have here is a actually a desperate market/PWG/and the oversold yada yada trying to defend what looks like a Marginot Line BOTH in TA terms and FA terms.

We have BOTH FA and TA saying NOTHING but desperation is holding this up.That is a DOUBLE WHAMMY.
i am thinking the bull case is is built on NOTHING but the knowledge of Arthur "As Gawd is my witness i thought Turkeys could fly!!!" Carlson(as played by Gordon Jump--bless you Mr.Maytag, where-ever you are).

And yes 495 seems signed and delivered,gg

i must decide do i go to BGZ over the weekend.