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

To: zamboz who wrote (101837)	3/3/2009 11:07:46 AM
From: LTK007	Read Replies (2) \| Respond to of 110194

Rick to counter what i have been saying i will state Marc Faber/Alan Newman/ Barton Biggs and Maurice Weiss and others have been calling for a MAJOR RALLY for sometime now based solely on TA oversold state and overall sentiment being quite bearish. But i add, that i can confirm Faber and Biggs have been calling this Rally as "any day now" for 3 months. So what am i saying---i am in line with TSR. Move 5900 or somewhat below, a rally in DOW testing 7000(and maximum top of 7400, and then down to 3900 and THEN you PROLONGED Multi year trading range as P/E corrects with that trading range being between 3900 and 5900. i note Faber BULL call(now 3 months old) is based ONLY on a CONTRARIAN view, he admits there is NO FA reason to justify such a rally. Max