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Late next week


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#1 Tor

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Posted 01 November 2008 - 10:41 AM

Just as the lemmings get sucked into this, the tornado returns. It could be rather scary and swift, but at the moment I am looking for slighlty up into the election, then a swift move down, in a wave 5 capitulation...NOT PRETTY. Waay to many calling for a low. Looking at the wave counts, when 5 completes, then it looks like a wave 4 up IT trend, with 5 down starting in the new year, and complete this bar market. Recession hasnt really hit, so things are gonna get worse. Earnings downgrades have not yet been fully discounted. Good luck all, and good luck canditate x and y.
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The future is 90% present and 10% vision.

#2 Rogerdodger

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Posted 01 November 2008 - 10:58 AM

complete this bar market.


I'll drink to that Freudian slip! :lol:

#3 johngeorge

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Posted 01 November 2008 - 05:48 PM

Davey Crockett kilt him a bar when he was only three. ;)


Peace
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#4 redfoliage2

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Posted 02 November 2008 - 08:22 PM

Just as the lemmings get sucked into this, the tornado returns. It could be rather scary and swift, but at the moment I am looking for slighlty up into the election, then a swift move down, in a wave 5 capitulation...NOT PRETTY.

Waay to many calling for a low.

Looking at the wave counts, when 5 completes, then it looks like a wave 4 up IT trend, with 5 down starting in the new year, and complete this bar market. Recession hasnt really hit, so things are gonna get worse. Earnings downgrades have not yet been fully discounted.

Good luck all, and good luck canditate x and y.

Near term It's very tough for ES to hang on at this place without a deep pullback.