face down friday, page-137

Farsight

Thanks for those figures.

I guess maybe we can summarise it by saying that if this isn't an '87 crash then a bottom should be in at least temporarily.

I think your idea of a partial investment in long term holdings at this time was very sound.

It is very easy at the moment to project all sorts of bear targets much lower and I did so last year and I was wrong.

I did summise that the huge runups in HK etc. after Aug suggested a blowoff and the effect of some larger overriding cycle.

That does seem to be the case and HK looks shocking.

Still, I feel things like sentiment etc, have more weight than standard technicals such as EW or Fib etc., and contrarianism may come to mean TA contrarianism as markets must favour the minority view instead of the majority which is fast becoming technical perhaps.

Sure the mums and dads still exist as do super etc, but they are mostly unable to do anything or stuck in the headlights mostly.

I hope we still can stay down till March, as the alternative of a rally into that time is much more worrying.