tag:blogger.com,1999:blog-1563385524081176864.post5327731759934159473..comments2023-09-28T06:41:02.639-07:00Comments on Phileo's Picture Windows: Trade Update and Market NotesPhileohttp://www.blogger.com/profile/03489790780839086228noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-1563385524081176864.post-21030855346835413512008-01-17T20:10:00.000-08:002008-01-17T20:10:00.000-08:00I have often pondered what Tom said. What if this...I have often pondered what Tom said. What if this run up for the last few years was just a "reflex" rally from the late 90's bust. Scary!<BR/><BR/>Formerly ADD Trader<BR/>http://addtrader.wordpress.com@bclundhttps://www.blogger.com/profile/00395129413348455530noreply@blogger.comtag:blogger.com,1999:blog-1563385524081176864.post-51997848363112724662008-01-17T11:04:00.000-08:002008-01-17T11:04:00.000-08:00Hi Tom,I do look at the weekly timeframe, but sinc...Hi Tom,<BR/><BR/>I do look at the weekly timeframe, but since it it obviously does not change too quickly, I usually only look at it once per week.<BR/>The scenario you described is a distinct possiblity, I will do a full analysis on the S&P500 this weekend and report on my results.<BR/>Thanks for reading my blog!Phileohttps://www.blogger.com/profile/03489790780839086228noreply@blogger.comtag:blogger.com,1999:blog-1563385524081176864.post-58279473054140342162008-01-17T02:57:00.000-08:002008-01-17T02:57:00.000-08:00Phileo,What if the whole rally from 2002 / 2003 ju...Phileo,<BR/>What if the whole rally from 2002 / 2003 just unwinds with an eventual new S&P low a few years out? I don't recall such swift and broad carnage in any other correction since the year 2000. What a cruel joke it would seem... If you look at the weekly S&P at<BR/><BR/>http://stockcharts.com/h-sc/ui?c=$spx,uu[h,a]waclyyay[pf][vc60][iut]<BR/><BR/>you might next look for a very sharp rally back to the 1460 area followed by a multi-month decline back to around 1220 around a year from now. Have you any ideas on this kind of possibility or do you never think about long timeframes?<BR/><BR/>Hopefully not a contrarian indicator, <BR/><BR/>TomTomhttps://www.blogger.com/profile/04080405668915427280noreply@blogger.com