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Parallels to the third week in September '08?


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#1 unosuke

unosuke

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Posted 28 January 2009 - 09:50 PM

There's no place for HOPE in the market - because one should be smart enough to use their STOPS :wub: That said, let me hope for this rhyme to continue with a solid red day tomorrow.

September '08, before the crash:
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Current events:
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Current Positions: Long EEV @ 40.29, Long DUG @ 24.66, Long DXD @ 59.62, Long SDS @ 72.70, Long TWM @ 61.84, Long QID @ 48.21, Long FXP @ 20.43, Long SSG @ 43.76, Short XOM @ 69.31, Short AAPL @ 117.52

#2 Russ

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Posted 29 January 2009 - 06:03 PM

In the 5 major stock market crashes (since the mid 1800's), not one of them set the bottom on the first leg down according to gannglobal.com All rallied,then broke the previously set initial-tumble low. Our current stock market is the 6th such "crash". Is it likely to do what ALL 5 other "crash markets" did and take out the initial low set on the first leg down? The average time for those initial lows of Oct/Nov to be taken out are feb and march.

Despite the stats I think the market is going to rally back up after another day or so here but here's the webinar link for those interested...

http://98.129.175.11.../sub-caliber-5/
"Nulla tenaci invia est via" - Latin for "For the tenacious, no road is impossible".
"In order to master the markets, you must first master yourself" ... JP Morgan
"Most people lose money because they cannot admit they are wrong"... Martin Armstrong



http://marketvisions.blogspot.com/