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[no_mind]

SKI Alert 2/23/05 It’s late, so I’ll be brief. Monday’s rise took us right into the 35-39 AND 92-96 index back price resistance levels. If prices had declined just 3 cents in USERX on Tuesday, the signals described below would have been avoided. If prices today had risen 5 cents, we’d have had a true SKI bull market. Neither happened. Instead I’ve got an extremely bullish 35-39 index buy signal for tomorrow (Wednesday). If prices do not drop 18 cents (+2%) tomorrow, that buy signal will be followed the next day by a 92-96 index buy signal. THAT SPELLS POWERFUL DOUBLE BUY. Yes, it is XXed Out and yes, it is not a true bull (ala the late 1970s), and yes, we once again just missed a true SKI bull by a freaking day. It says “Powerful rise followed by another of these tough declines”, but the decline should be months ahead of us after new highs (above the highs of this century). The 218-222 index broke towards its buy today and it will buy in a few days if prices stay over the triple sell area of 7.97. It’s a double buy folks and it’s coming at a high price. Tough to buy, but the indices say buy and close your eyes. The stop (a 92-96 index sell) is rising but really doesn’t move up for a month. It is always possible that these signals mark a high, but that is not supposed to the case. The one time that they marked a high was in 1987, they hit the high to the day and the great crash ensued (This has to be Prechter’s bearish scenario). That 16-20 index buy signal two weeks ago (scenario #1) was supposed to mark a major low and augur for a positive year, to be followed by a big buy signal. This is supposed to be that big buy signal. I cannot be sure that the market won’t drop to support back at 7.97 and that I’ll be in extreme distress, but the indices are buying. So will I. A 92-96 index sell signal is, heaven forbid, the stop. And with my colleague buying too, this is either the exact top or we’re in for at least a 21% profit. If this is not the top, the triple sell from 222 days ago is history. This is big time stuff, volcanic

[no_mind]

I'm assuming with the holiday and the fact that he wrote the above late at night that when he says "Monday's rise" he means Tuesday's and when he says Tuesday he means Wednesday and when he says Wednesday he means Thursday. Tom

[mss]

I'm on his side as posted last Sat. and still am although not near as bullish, just a good run for a few days. mss