Consensus expectations

Not 1 (blustar), not 2 (NAV), not 3(spielchkr), but now 4 (myself) are expecting something like the following...2.5 wk low early next week



But just to confuse the picture more than it's already muddled, I'll put up one more chart, which has very bearish implications if this sideways corrective was just that....a correction in the larger degree trend (i.e.there's a ~78td cycle low not due until mid Mayish) and if this is the start of a 3rd/C wave, it'll look and feel nastier than anything we've seen so far

http://stockcharts.c...6651&r=2942.png

Well, I guess your fractal idea is out the window, but you're still bullish anyway...

http://www.traders-t...?...st&p=365451

I hope there's no positions behind this bullishness.

We've been sideways for 3 months, there's no reason to think we will break to the upside.

Edited by SemiBizz, 13 April 2008 - 01:35 PM.

Well, I guess your fractal idea is out the window, but you're still bullish anyway...

http://www.traders-t...?...st&p=365451

I hope there's no positions behind this bullishness.

We've been sideways for 3 months, there's no reason to think we will break to the upside.

Well SB, I considered editing that post and suggesting that it would have to occur almost immediately for it to have any merit, but never got around to it. I posted previously that that GE had the potential to break the market....and mentioned the 2.5wk low in that post, which is posted again above. I did consider going long at Thursday's close ahead of the news, but after taking a quick glance at about a dozen mutual funds thought otherwise....all overextended with nary a retracement. While burning the midnight oil Friday a.m. and watching how treasuries were trading, something just seemed fishy....would have expected more selling pressure, but kept seeing buyers lift offers.......woke up Friday a.m. and the rest is history.

As far as actual holdings go (and have been more or less been this way for well over a year now, other than ST swing trades), the accounts I own/manage are approximately 7% in equities, 29.2% in fixed income type securities with everything else in money markets.....I'm extremely bullish as my portfolio indicates.....NOT. The fundys matter in my booked and have me kept out of big trouble for many moons now......

Sort of a suggestion for others, but nothing you plan on following personally. I think that is wise. Best, Islander