The Practical Investor
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Tony Cherniawski has been a technical analyst since 1999. He has successfully navigated the 2000-2003 bear market and provides insight to subscribers and various websites.
Website: http://www.thepracticalinvestor.com
Location: Mason, MI
Members: 4
Latest Activity: Sep. 1, 2009
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Comment by Michael on August 24, 2009 at 8:03pm
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it would seem to buy the dips (using 23 week cycle correction)seems to be strategy at the moment. see nadeem waylatt http://www.marketoracle.co.uk/Article12955.html
his upside target is 10500
do you know of any interesting iphone apps and are you and steve going to create an iphone app? l just love my iphone and its apps.
instead of thinking gold is store of value l think price determines store of value. l think when the s&p500 tested 666 it became new store of value. gold at 350 several years ago was new store of value but at 950 it just seems overpriced. l think store of value is a fluid thing which changes every 3 or 4 years. once it becomes overvalued in terms of price it loses its store of value and liquidity. l think usd at 78 has a new store of value versus euro at 1.45.
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Comment by Tony Cherniawski on August 24, 2009 at 8:34am - We are now "in the window" for a 23-week cycle bottom. I'd say that we should see a correction in the next 2-3 weeks.
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- l thought the broadening top and the 23 week cycle was most interesting. How long does a 23 week cycle correct for?
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