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Certainly not out of the question at this stage. I was transposing the 2004 onto current charts last month, however, I disregarded that last week.

Here's what I've got although I'm not in the Elliott camp. The S&P below, shows the top in 2004 compared with today. The bullish case would find us at the last tiny low just before the ‘box’ on the left starting in December 2003. That would take the market to 1510-1521. If...

Yes that is impressive, I won't argue that. I only hope they won't mind keeping the industry as a whole afloat. (They might need to order more checks.) j/k Thanks for the link. I enjoyed the article.

Thank you and I agree with your thoughts on how this country is great because of the blend of cultures and ideas. I only hope people as a whole are more respectful of one another and teach their children the importance of love and human life. I hope we don't decay as nation as so many...

Cycles: Interesting refrences from then, to now. In 1836-1837 the massive real estate bust in the United States led to a five year stock market decline and economic depression. In 1907 the public was ‘tapped out’ with excessive investment leverage and couldn’t meet margin...

Wow, this got off-track from the original theme. I originally mentioned this not as a slam to mexicans but how Mexicans are actually being manipulated politically and socially for various agendas. Mostly political. For the record, I've got nothing against Mexicans or any other nationality...

Human nature:"It won't happen to me." Same thing happened in Japan;over leveraged-stuck.

Just another take: The real inconvenient truth is that the consumer is running out of money. Mortgage payments aren’t being made by millions of people because they were ‘tricked’ into bad mortgages. They’re not being paid because the owners can’t afford...

*correction (04) April

Just the beginning. The recent sub prime debacle shock of finding out that lenders actually gave money to people without checking incomes or even social security numbers, will pale in comparison to the revelations to be coming out of Fannie Mae, Freddie Mac, Student Loans, Small Business...

Quite possibly but there remains a small chance for a run to S&P 1510-21 if the old high near 1460 can be regained. Normally this would be near impossible but with the Blackstone IPO and Quarter End this next week, I wouldn’t bet too heavily against the Establishment. Downside remains...

Oh, I was with you until that last line. Somthing else worth mentioning, I have seen an increasing number of pattern failures in the last 45 days; specifically the proverbial cup w/handle. This tug-of-war is not without casualities- the impatient and the unprepared. The main points of the...

Actually I did play the subprimes the last two weeks but took my money and ran. Still have some free DRL's but it's a lottery ticket. Friday had some strange Status Quo prints; not to hard to figure out the reasons behind that. Next few days/weeks should be fun. Hope ya made a killing.

You can do anything you want; just don't get caught.

Ahh, there's that Gann guy again.144x144

Isn't that redundant, a retarded moron? What...oh....ok. Mormon/moron, same thing.:p

Barbarians at the Gate.:) Not quite the same thing but the same premise-- Balls, Leverage and Timing. Ahh...I see it's lunchtime.

This is precisely why the is always opportunity in the market. Not a slam, just an observation. It could very well be me tomorrow if I'm not focused.

Depending on your time lines, style and instruments traded these market conditions present tremendous opportunities for fabulous wealth IF you keep a cool head and use your knowledge and skills. At any rate, bull or bear...I don't care.

When your real estate assets resemble Karen, we're almost there.