nothing has changed, still looking the same way as my post above. hammering out a bottom! nothing has been violated in the commodities run, new highs will be seen. dharma
the correction!
Started by
dharma
, Jul 16 2008 10:29 AM
33 replies to this topic
#32
dharma
-
- Traders-Talk User
- 9,618 posts
Member
Posted 29 July 2008 - 09:15 AM
this could be 5of 3. so, i am not sure the whole down move is complete. i was thinking mid august. this seems early to me. dharma
#33
dougie
-
- Traders-Talk User
- 9,057 posts
Member
Posted 29 July 2008 - 11:43 AM
dharma: this could also be 5 of 1 down complete still, no?
#34
dharma
-
- Traders-Talk User
- 9,618 posts
Member
Posted 30 July 2008 - 09:05 AM
this action , even though i dont like it, is what i have been expecting. we are approaching a significant low, from which a giant rally will occur. it appears that the mortgage and housing crises are over, well they are not. house prices will escalate to the downside. sellers will feel the heat. i have been and still are looking for 80%drop in home prices. i am awaiting my target in the metals. if we break 850 it wont be by much. nervousness and discomfort are healthy they make the trader reevaluate his premise. @the latest my stuff shows august 11th. none of the policies that have been just put in place are dollar supportative. @some point one has to think putting fre and fnm as part of the federal deficit is going to help the credit rating of the usa.
