Contrarin indicator would be at say 94% BAD, so would 95% be the point to buy :))))
If the 17th will stick for me itthen i have favoured a rally into march april 2009. ( CAUTION i am a little bull with stops )
When i suggested the 17th , i mentioned the govt heads meeting this weeking, and also the 1907 model, we also have to rememebr that US hedge funds close there books this weekend too which i mentioned. I think they contributed to the latest sell down taking the profits where they could.
I liked 1929 scenario for the percentages down but didnt like the model and how it played out.
Truth is only about 2% will get this right on the way out, but thats not the important part, if the rally offers 50% gains you just pick your spot to get 10% of it. :)))) My first goal is always 10% of a rally after that the rest is a bonus.
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