Thread: Getting Nervous

Some comments from a Tech:

Okay Everybody, Calm Down

Monday, August 29, 2005, before 12:00 am

Last week's volatility should subside as markets relax for the holiday.

We will produce a buy signal when it reemerges. It will take just four indictors moving to positive this week to accomplish it, but it is more likely to occur after Labor Day. I expect very low volume this week with somewhat less price volatility than last week. We reached the projected decline from the head and shoulders pattern, so a bounce is likely now, and a bigger one is likely if 1190 is approached.

Sounds good, we shall see.... I would like to add some long positions if we hit 1190.... Waiting for 2 more weekend reports, but these are all only opinions. These guys have pretty good track records..... However, I never bet the farmon any of their advice.... It does make for nice reading...... Staying balanced....


This Tech echos you Birchtree.... You did say it first last week...

Birchtree wrote:

The C fund looks like a nice buying opportunity for those of us that were doing dollar cost averaging on Friday. As a matter of fact even the S fund is returning a good value price at current levels. Bring'em both down a little more in the next two weeks so I can play gotcha - then we can rally. Does that sound too bullish?

We have to wait and see how much damage this storm does to oil prices..... I hope people are getting out of the way of this MONSTER! This is not one to ride out.......