This totally feels like March 2004...
After a phenomenal 2006 and a strong run up in early 2007, the consolidation time is here, me thinks, the 4.5 yr cycle will probably start slow and accelerate into 2008-2009...
This is the proof.
By the time the real 10-15% correction comes, everyone will be bullish again.
Fine tune your oscillators! It will be very cyclical...
First 8 months of 2004 is back here
Started by
arbman
, Aug 02 2007 12:52 AM
2 replies to this topic
#2
Posted 02 August 2007 - 04:41 AM
You're probably right. A lot of weak earnings starting to come out. No reason to get overly exhuberant here about 4.5 year cycle.
I'm sure some kind of 9 year cycle topped, 18 year cycle, 27 year cycle.... Kondratieff winter is approaching
I'm more upbeat on income paying stuff then on growth. Growth seems suspect here.
#3
Posted 02 August 2007 - 05:43 AM
Unless it's anything like July02-Aug03......cumulative intraday SPY charted in red:
It was sideways-up for a while before the final run for the roses into Spring04. Signature of bottoms....early morning weakness that gets bought--that's what I'm keying in on near term.
It was sideways-up for a while before the final run for the roses into Spring04. Signature of bottoms....early morning weakness that gets bought--that's what I'm keying in on near term.
Edited by marketneutral, 02 August 2007 - 05:47 AM.