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According to "Mr. Dodge" there is no way that the market could have rallied out of the mid-March 2003 low because the Economy was still floundering around 1.4% GDP growth in Q-1 and Q-2 of that year . . . down dramatically from the 4.0% of Q-4 of 2002. I mean, how could the market possibly...

That's right. The stock market NEVER discounts the future and turns BEFORE the Economy does. The market waits for the Economy to turn first. Guess you weren't around for August of '82. BWWAAAAAAAAAAAAAAAAAA!!! :D

You don't use Microsoft Windows? :confused:

5 waves up on the 5-minute chart into the 2:45PM high at 1285.31 ???

You obviously haven't been watching RTN today! Held yesterday's low, and just took out the highs of the LAST 3 DAYS. In other words, the train has already left the station. :)

I wouldn't sell this rally with YOUR money! :D

Nice bounce here . . . In my dreams, it's a 1, 2, (i), (ii), :D

The Defense Sector: LMT, LLL, RTN, NOC.

Mup, RIG and DO are making some HUGE right shoulders on their charts . . . These 2 stocks are 23% of the OIH, alone. Could foreshadow the OIH rolling over?

Stock has bottomed and sending a pretty powerful "message" today on the chart having taken out the highs of the previous 3-days. First resistance at 58.60 :)

Wave (v) SPX targets: 1266.60 = .382 :D

Just like I said. Very convoluted. :confused:

I don't think he really trades. His positions are so convoluted none of them make any sense. Short Oil ETF's, Short the U.S. stockmarket, Long financials (UYG). Just doesn't make any sense. Moreover, he never uses any stops. Ever notice that? He never closes out a losing position. He...

Exactly what I was thinking Quang. Thanks for the chart! :)

Ask S2007S, he's BEARISH U.S. Equities but has been LONG the UYG ( since the $29 area ) which is now trading currently in the $19 handle. :eek:

Agreed. But as far as the current count is concerned, don't we actually have yet another 4 here before we drop into 5 to the downside to complete this 3 wave that has sub-divided?

Hmmmmmmmm . . .

Really? Care to support this claim with a link to his track record in MAR?

Agreed.

I live in the United States of America. My clearing firm processes my trades ( and pays me ) in U.S. Dollars. You gold "bugs" are pretty funny with all of your "spin" and REAL value stuff. As for Schiff, he was obviously influenced by the "Crash of '87" when he graduated from the...