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The corner has been turned!
Anyone that failed to double their spare cash this week just wasn't paying attention. A rare stock market crash is also an equally rare opportunity. Each in equal proportions. This crash was a panic of the 'perfect storm' class. So the opportunities are equally profound. I've been waiting for the bottom....for the turning point....where even a child could hit it big in the market. The corner turned Monday imho! Thank you ticker LTM. And a few others. XTED SLG HTZ CENX TESO HLX LVS I cannot imagine any prettier stock charts. Look at the /twenty day/ charts of these tickers here.... http://www.prophet.net/analyze/sc.jsp?symbol=LTM Normally the stock market provides a couple of these patterns a week, but weaker ones that bounce fifteen percent or so. This week I stopped counting at a hundred and fifty. With bounces of 50% in the majority of cases. All looking just like the above charts. All turning the corner this week give or take. What more can you ask for? Everything, virtually, is a bargain right now. And a bargain with a huge potential upside. The amount of money flowing back into the market in the coming months will be of Niagara ....no...Titanic...proportions. As the uncertainty descended, the panic followed. Everyone that was leveraged or margined were forced to sell, then everyone else that could sell...sold. Till there is no sellers left. The perfect panic. Which means there are only buyers now. Does anyone here grasp the uniqueness and opportunity contained in the above sentence??? The certainty is returning, and with it the stock prices. Remember, my hobby is the only form of mathematics capable of quantifying 'uncertainty'. Panics are my major. This pattern is my specialty. The very pattern I derived and have been playing for several years. And now this pattern is everywhere. Somebody pinch me please! These are the good old days. Time to bargain hunt for investments. Most of these bounces will settle back soon and provide another good entry point. It just doesn't get any better! Happy Thanksgiving! Jonathan "An Awful tempest mashed the air, The clouds were gaunt and few; A black, as of a spectre's cloak, Hid heaven and earth from view. The creatures chuckled on the roofs And whistled in the air, And shook their fists and gnashed their teeth, And swung their frenzied hair. The morning lit, the birds arose; The monster's faded eyes Turned slowly to his native coast, And peace was Paradise!" s |
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