tag:blogger.com,1999:blog-11789233.post115013713156607281..comments2023-11-02T03:53:15.874-07:00Comments on The Slope of Hope.....with Tim Knight: Wheeeeeeeeeeee!Tim Knighthttp://www.blogger.com/profile/02142044637710306701noreply@blogger.comBlogger5125tag:blogger.com,1999:blog-11789233.post-1150224181271628012006-06-13T11:43:00.000-07:002006-06-13T11:43:00.000-07:00s&p breaks 2-year trendline/supports&p breaks 2-year trendline/supportwalterhttps://www.blogger.com/profile/17470446666411384334noreply@blogger.comtag:blogger.com,1999:blog-11789233.post-1150175237769221032006-06-12T22:07:00.000-07:002006-06-12T22:07:00.000-07:00i think tomorrow will be a huge confirmation day. ...i think tomorrow will be a huge confirmation day. today all hell broke lose, a lot of major supporting trendlines were broken. <BR/><BR/>Yesterday I was thinking that a bull bounce was inevitable, but after today, I think the Bear Party which I think was too early is now ready to begin its full swing. <BR/><BR/>Now its just waiting for some nice put plays to take form, and Im just waiting for the account to explode.<BR/><BR/>AM I RIGHT PEOPLE?stockshakerhttps://www.blogger.com/profile/10038114175740151965noreply@blogger.comtag:blogger.com,1999:blog-11789233.post-1150162121652100342006-06-12T18:28:00.000-07:002006-06-12T18:28:00.000-07:00At this point, even if we're in a New Bear Market ...At this point, even if we're in a New Bear Market or the mid-term election year correction, it does seem like we're due for a bounce. I'm thinking tepid inflation data or some statement from the Fed about inflation being contained might be a catalyst.<BR/><BR/>But... that's just a guess.muckdoghttps://www.blogger.com/profile/09964364454247504787noreply@blogger.comtag:blogger.com,1999:blog-11789233.post-1150145434251623272006-06-12T13:50:00.000-07:002006-06-12T13:50:00.000-07:00It is a good time to be short some stocks - no dou...It is a good time to be short some stocks - no doubt. Are the "bears" in charge? When the weekly INDU hits the 200 day average (about 800 points from here) I'll capitulate. Until then - enjoy the correction.<BR/><BR/>The daily move is nothing but noise - only the longer term moves count.John Wheatcrofthttps://www.blogger.com/profile/07035854131151519369noreply@blogger.comtag:blogger.com,1999:blog-11789233.post-1150141681441440622006-06-12T12:48:00.000-07:002006-06-12T12:48:00.000-07:00Tim,I know that the presidential cycle results in ...Tim,<BR/><BR/>I know that the presidential cycle results in a 10% correction every 2nd yr and then every other cycle (which we're in now) results in at least a 20% fall.<BR/><BR/>A 20% correction for DIA would bring it down to between $92-93.<BR/><BR/>Using fib retracements what do you think the bottom will be?Ellenhttps://www.blogger.com/profile/14636398423705326751noreply@blogger.com