I do think wave III will start - just not as soon as you. So from an investing standpoint whether you buy now or later probably does not make that much difference (except there are better places for the money over the shorter run I believe). I also think that the CNDX will move up but not that far that soon. My basis for these ideas is that I think gold and oil have more downside before their bull resumes. This is a negative for CNDX as I think most of their stocks fall into those categories. However, I think the general stock market is going much higher soon - this should lift all boats. Considering the amount of technical damage done to the charts, considering the number of investors under water; I think a lot of chop has to happen before a serious up move begins. I do believe we have seen the lows - although a retest could happen. I go back to what I posted before to Cannuck. If you have quite a few small caps and you have held this far; there is no point in selling now I believe. I might watch when we get a bounce to see which of mine were laggards and which were leaders and do some culling perhaps. But I see that chart as having most if not all of the damage done but a long slow road out of the damage. That is what I see. If I change my mind I will post - otherwise we will have to wait for hindsight.

I have enjoyed or bull/bear debate. Both you and Grin present good bull arguments.

aurum CNDX