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Thread: Call the bottom!

  1. #11

    Join Date
    Feb 2009
    Posts
    654

    Default Re: Call the bottom!

    Quote Originally Posted by alevin View Post
    Anywhere from 200-600 (before we're done, maybe 600 for the interim bottom, maybe, if we get one). And I"M not kidding. Wish I was. I was eyeballing 600 months ago, Lady will attest to that. Just hope we all come out of this alive and able to retire decently before the age of 70 (me), or stay retired (as in Lady's case).
    Yep, I can attest to the fact that Alevin was telling me months ago that we'd see around 600. She also told me last year that she thought around 400 was not out of the question. And yes, being retired without the option of going back to work is a little worrisome in this economy. Just one more reason why I love this MB and what I'm learning here.

    Lady
    If you think education is expensive, try ignorance. - Derek Bok

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  3. #12

    Join Date
    Dec 2007
    Posts
    906

    Default Re: Call the bottom!

    I have to admin that after 741 and 700 were taken out, I am at a loss as to where we go. Support going back 20, 50, 70 years doesn't even make sense to me. Except for the self-fulfilling prohesy aspect of TA, the psychological reason for those old support levels, which to me is what a lot of technical analysis is, must be gone by now.

    I am thinking that it is going to be an arbitrary level, when it comes, but it will likely coincide with something like a rising GDP number (month over month) or a rise in earnings estimates.
    -- Tom | My Trades

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  5. #13

    Join Date
    Jan 2009
    Posts
    16

    Default Re: Call the bottom!

    I'm calling the bottom the 666 we got the day before yesterday.

    It's up from here.

    They are going to reimpose the uptick rule, change how they do mark-to-market, and that's going to change attitudes everywhere, and we'll start heading up.

    We may have another gyration or two here, but i think 6-6-6 is going to hold as the bottom of the 2009 depression.

    Or at least that is what I HOPE.

    Time for some recovery.

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  7. #14

    Join Date
    Feb 2009
    Posts
    654

    Default Re: Call the bottom!

    Quote Originally Posted by James View Post
    I'm calling the bottom the 666 we got the day before yesterday.

    It's up from here.

    They are going to reimpose the uptick rule, change how they do mark-to-market, and that's going to change attitudes everywhere, and we'll start heading up.

    We may have another gyration or two here, but i think 6-6-6 is going to hold as the bottom of the 2009 depression.

    Or at least that is what I HOPE.

    Time for some recovery.
    I bought FAZ today at $66.60 as a kind of symbolic gesture. That would bring some symmetry to this situation, wouldn't it? The idea of 666 being the symbol for Nero Caesar (or possibly Caligula, depending on which scholars you read), and the rebellion against the old power base.

    I'd love to think that we're at the bottom. Time will tell.

    Lady
    If you think education is expensive, try ignorance. - Derek Bok

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