[PileDriver]

Vesselin

100% with you on that.

ST indicators extrememly overbought with 5 waves up looking complete.
but
IT indicators now bullish and improving.

I'm losing my bear funds on long overdue ST pullback and going long for a brief trading move until Bradley top date in ~June.

[MaxxPain]

Could be. I'm mostly just watching the show. I expected some kind of rally, but not another rocket ride to hell. Looks alot like last October and even bonds are behaving the same. The love fest with overvalued paper continues. The players just switch from one type of paper to the other. The Ass&Pee would have to get above 950 to really make me believe there is anything significant happening here. When in doubt stay out. I noticed the QQQ and AMGN are underperforming the Ass&Pee the last couple days. Ho Ho Ho

[mksloth]

Finally, some comforting words! Thanks Vess!

[strikerm3]

thanks for all the work bont! Many thanks!

[DogBoy]

You're spot on Vesselin.

And that's coming from someone who has been quite critical of your analyses in the past (especially last summer).

I also think the upside is rather limitied as well, 1500 on the naz, 965 on the S&P.

I don't think it's a new bull market as Hans Hans Hans Brinker suggest.

After May the Bearz should be back in "the groove" until next fall where we'll see lower lows again.

So far this year is a carbon copy of last year except for a 2 week shift in time frame. We seem to running about 2 weeks later his year.

Unless something unexpected happens (most likely on the Bear side) I expect the saying for US bears to be:

Go Short in May and in October Go Away.

SadAss is finished especially after the POW scene today.

That said I think the peace that follows the War wil be anything BUT. The Arabs aren't going to stand for the creation of a US satellite state in their midst.

Short term I see a big win in Iraq, long term steady attacks and a drain on the US economy.

And this corresponds precisely with your (Vesselin's) market progosis.

The hangover that follows the win in Iraq when we find out that though Arabs didn't like Sadass they really don't like us either will be a big one for the US.

The idea that your going to create some kind of pro-west pro-Israel Arab state is completely absurd.

This will work out bad for Israel and for US. Soon the Israelis will find out that those old corrupt dictators were a lot less dangerous that trying to occupy an Arab country.

Corrupt people just want their shit left alone and as long as you don't try to mess with them usually do little harm.

Zealots though are REAL dangerous types.

We should have stuck with the Corrupt Ole' Bastard model for the Middle East leadership.

[simple guy]

FWIW

SG waves thread Im pointing to 1352, 1339 areas on the NAS to end wave C down.

Then a 5 wave move up to above the March 21 highs...to finish the ABC corrective....

Basically jives with you Vess... downside to complete the c of the abc B wave.... and then upside to complete the entire larger 3-4 week A B C pattern...

[Captain's Log]

Captain's log March 30 : Captan Krock of US spacedout Enterprise.

We are orbiting the planet Gullible where it is inhabited by a strange race called sheeple.

Our studies have shown sheeple have a herding tendancy and for reasons unbeknown, spend their existance chasing pieces of paper called stocks which acts as an alternative form of savings. Since the sheeple smell of decaying S+P, our suspicions are these stocks have been poisoned with Klingons from the Universe Wallstreet, who have plans to take over their money.

The sheeple don't know it but the only way to avoid being contaminated by Klingons is to have a hype free wipe. Unfortuntaly, the Smoothy paper mined from the depths of Wallstreet, just isn't up to it.

Inputs from Spock says the sheeple's behaviour is highly illogical and they want to move in waves. Our analysis suggests we should direct them in the short term with a wave C up. (No idea what Spock is talking about). He also says we need to overcome all wave C resistance to avoid a chain reaction that will lead to the stocks demise and money famine.

Scottie Greespan say that he'll do his best to keep the wave C going with the booster Dollars borrowed from other planet, but believes, the enterprise can't take much more captain. When Dollar stops increasing, over she'll go. Admiral Doc's Anals indicates a Swup of dollar and Intelligence gathered from the crapship Prechter also back this up where Dollar is in process of its own corrective ABC cycle to the overall bear direction. If she goes, Dollars will be leave the Planer Gullible en force back to their original mother planets. (Euroland and Asia).

A report from Bones 3M McCoy says the Sheeple godess called Mariah is on lifesupport and doesn't expect her to make it. The problem is she's had too many finance inspired orgasms that have left her with credibility deficit syndrome. He's giving her daily plunge protection sapositories together with some news spin asprins. She takes it all with a manic smile, but there's not much more he can do.

Lt Uhura-Efiku advises that with so the potential for the unknown happening, we set our phasors to stun as the sheeple start realising their finances are dissapearing before their eyes.

The date of May we think is critical. Our plan is to initiatiate the derivative overdrive and go into economic hyperspace. However, Mr Sulu says be very carefull of the black hole called Fibonacci, that we can't see. If we get into its gravity, we'll be sucked in and we are doomed.

Beam me up Scottie.

[sniff]

I see absolutely nothing to brace this market up. Sure we might get a little blip up during earnings season, after a fib pull-back...... any bounce up will be a whimpy bounce.......

Notice how bear markets rally, ... spike at the bottom and roll-over slowly at the tops....... so what's new?


the chart has to prove it to me, so will remain a bear until price at least gets a higher, high on the Naz daily.