Originally Posted by
shitepoke
[I'm not posting charts this evening since nothing much has changed. Price continued rising as the indicators suggested. I note that price on the DWCPF is very close to testing its 50 dma, but is still further away on the S&P 500. My intermediate term system is stretched, but still positive.
The OEX is very bearish this evening, which suggests a pullback is in the cards. NAAIM reports in the morning.
Coolhand, saw a market video this eve posted by nnut...wow, could not believe how bearish it was for long term (i think you are also, no?)...very constructive but the guy was so positive that bear market will occur/was here...showed stats on bear market occurs every 3,5 years on average and they last approx. 18 months (this was since 1930 as great depression was an outlyer)...keep up the good work and yer analysis is appreciated by everyone..oh yeh, will you wait the avg 18 mos to turn positive long term again? EJJ
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