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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?


To: Lucretius who wrote (36263)1/10/1999 8:08:00 PM
From: Bull RidaH  Respond to of 94695
 
Lucretius,

The potential for the coming multi-year rally is up to 54000. Whether it achieves that potential will depend on many things. The important thing to note is we have a wide open window for much higher prices for the coming decade. Corporate earnings are about to go into orbit as productivity gains and lower interest rates drive net profit margins higher. Plus, floods of liquidity will continue to pour into our markets from future retirees and international investors who realize U.S. corporate equities are the best way to participate in future earnings streams over the next decade.

Obviously, I wouldn't stress these bullish fundamentals if the wave count I'm working didn't support the price moves in the market. That wave count has been drastically overhauled so that it obeys all tenets , rules, and guidelines of Generally Accepted Wave Principles (GAWP).
I'll work on posting this new count in the next couple days.

But on the bright side for the bearish leaning, we have a significant down draft on the near horizon which will provide a wonderful opportunity to cover long-term core shorts, and take profits on newly established shorts.

Regards,

David