5 replies to this topic

[eminimee]

but he's going to get his stones kicked first.....

I have a ratio theory that I've mentioned numerous times before but not going to go into it now with charts...basically it's when the oex:spx ratio bottomed in fall of 1993, 18 months later we got a 10% correction on oex and spx. That ratio bottomed in January 06 this time and this July is the 18 month mark anniversary of that bottom....I think we'll get our first 10% in a very long time into July. Crazy stuff I know...but we'll see. Big caps are going to sprint out of this coming correction and RUT will continue to lose relative strength...in fact you could short ER2 and go long ES with equal contracts now and come out a winner even if we do correct that 10% on ES. Short term....do we have another high to come?...probably.....but doesn't have to.

Nasdaq should correct in the neighbourhood of 13/15%......

Two charts ..

http://stockcharts.c...4543&r=7555.png

http://stockcharts.c...4795&r=7674.png

[bigtrader]

but he's going to get his stones kicked first.....

Ya,' lol probably, late comers usually do.

[eminimee]

http://stockcharts.com/c-sc/sc?s=$SPX&p=M&st=1987-01-01&en=2007-12-31&i=p36430880995&a=68755843&r=3514.png

[optionking]

Rich Russel is a clown. Sucking money by talking gibrish everyday. He has been so bearish these markets and the markets kept on doing the total opposite. Suddenly, he gets bullish. Cant believe we have such charlatans out there fooling the investing public.

[da_cheif]

Rich Russel is a clown. Sucking money by talking gibrish everyday. He has been so bearish these markets and the markets kept on doing the total opposite. Suddenly, he gets bullish. Cant believe we have such charlatans out there fooling the investing public.

we need them....we love them ...and we cant live without them.....they keep the equation in balance.....

[dougie]

yeah what a clown: what is his long term market timing track record anyway.... lol