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starbucks4ever (98.94)

Sorry, TA people, but it's NOT a calf.

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October 14, 2009 – Comments (1)

Don't even try waving red cloth in front of this bull as it charges toward its 14000 target. It's most definitely NOT a calf, whatever your TA analysis says. The bears are just slowly coming to recognition of the fact that we're not going back to 666. So we're just past the first stage of the bull market - disbelief - and are entering the second stage - recognition, which should keep us busy for another couple of months. And the third stage will be irrational exuberance.

1 Comments – Post Your Own

#1) On October 14, 2009 at 9:08 PM, leohaas (34.99) wrote:

My TA guy has been encouraging his subscribers to buy since back in April, and he is still at it. He hasn't mentioned 14,000 yet (but then again he hardly ever mentions the DOW--he uses the S&P500 futures as his guidance on where the market is going).

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