20 week cycle low?
#1
Posted 26 July 2007 - 10:43 AM
The future is 90% present and 10% vision.
#2
Posted 26 July 2007 - 10:45 AM
Either this is a cracking buy op or the end of the bull market. pick ur poison amigos.
both. we do need to revisit new highs in order to make money from a long position here.
#3
Posted 26 July 2007 - 10:46 AM
Either this is a cracking buy op or the end of the bull market. pick ur poison amigos.
I think its both. I think w'ere hitting a ST low, maybe will even turn out to be a 20 week low. Then we'll rallly and dick around for a few days, and then new down leg.
on a short term basis this is pretty darn oversold. But longer term charts are only starting to crack.
#4
Posted 26 July 2007 - 10:48 AM
Edited by kisacik, 26 July 2007 - 10:48 AM.
#5
Posted 26 July 2007 - 10:52 AM
Either this is a cracking buy op or the end of the bull market. pick ur poison amigos.
tor, this will set up a bottom for the next bull leg up with much higher prices, once this forecasted 4.5 yr cycle bottoms. we're getting close, but IMO not there yet.
Outspeaks the Squire, "Give room, I pray,
And hie the terriers in;
The warriors of the fight are they,
And every fight they win".
Ring-Ouzel, England
#6
Posted 26 July 2007 - 10:57 AM
Either this is a cracking buy op or the end of the bull market. pick ur poison amigos.
I think its both. I think w'ere hitting a ST low, maybe will even turn out to be a 20 week low. Then we'll rallly and dick around for a few days, and then new down leg.
on a short term basis this is pretty darn oversold. But longer term charts are only starting to crack.
That's what I'm seeing. 2600 is an area of temporary support. Let's see if the bulls can manage one last gasp attempt to rally 50-60 points before the next downleg. Rally or no rally, we're going down to 2362 at the very least.
I dont think this is the end of the bull market, but rather a major correction good for about 15-20% on the Nasdaq before the bull re-asserts itself to new highs.
#7
Posted 26 July 2007 - 11:03 AM
tor, this will set up a bottom for the next bull leg up with much higher prices, once this forecasted 4.5 yr cycle bottoms. we're getting close, but IMO not there yet.
Props to you Dale - You've been calling this cycle bottom for end of July for several months and you were spot on.
Thanks for your excellent work -
Have you considered starting a blog?
#8
Posted 26 July 2007 - 11:13 AM
Either this is a cracking buy op or the end of the bull market. pick ur poison amigos.
tor, this will set up a bottom for the next bull leg up with much higher prices, once this forecasted 4.5 yr cycle bottoms. we're getting close, but IMO not there yet.
Thanks Air.
I thought we may be there.
The future is 90% present and 10% vision.
#9
Posted 26 July 2007 - 11:32 AM