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KO
koolblue
Rep: 48,651
Posts: 16,032
The excitement continues. I said in my 9-20 market analysis i didnt want to see us go below 1254 or so. That meant to me, that a retest or slight piercing of 1136 would occur.IT sure occurred today and although we have only slightly pierced it so far, it couldnt have happened in a 'scarier' way. Itold my friends on the es thread that if congress didnt pass the bill wed see a 800 point down day on the dow! I also said we could go as low as 1086 or so. Man, spx down 106 points! Dow largest point loss in history, citi at 17 a share, wachovia (which was going to buy morgan stanley just 2 weeks ago) at 1.88 a share! So whats next? well, the closing ticks on the nyse wa only 300-400 not the level over 800 or worse that i have commented on many times. If it was, you would see another 800 down tomorrow! I bougt a couple of calls today , one at the close and i feel good about it. When u see blood in the streets , its generally time to buy, not sell! Ask Warren Buffett. Time will tell!
KA
karend
Rep: 0
Posts: 65
kool...I've viewed the video that Popstocks posted. I couldn't attend Saturday's class, so I feel a bit lost even after viewing Popstocks video (although very grateful for you posting that Pop..it's likely me that's a bit slow to pick things up). Is there anywhere else that I can access your strategy Kool, giving me a broader overview?
Thanks for all you do..thanks also to popstocks!!
KO
koolblue
Rep: 48,651
Posts: 16,032
KAREND, Im both flattered and amazed at the attention my system of identifing cycles and price projection has achieved. Im not really sure why, except that i guess it is completely different from most other systems orf technical analysis.I guess im going to have to write something down so i can send it to people who ask. Pop made a noble attempt with his video, but it contains numerous errors and i think hes making it far more complicated than it really is. Im going to try to whip up some thing this week end maybe.
BR
BruceM
Rep: 216,211
Posts: 19,895
I look forward to this as I missed most of the on line review.....Pop's got a cool slant on the ideas too....