Today’s column was about a rally within an overall decline. The two time frames – long and short- are not in agreement so right away pundits tell us that following one violates the rules of the other. It makes sense if all we do is one time frame. After all, long-term investors should not be touching a bear market, no matter what is /br /But who is a pure long-term investor? I personally have 401K money that I rarely touch (I was heavy into cash this year, thank you, but not all cash) and I have some trading money. While I cannot trade a lot because I have to remain unemotional and objective I do like to keep some skin in the game so I stay current on market /br /Anyway, I am very willing to get in there and buy some stuff now, knowing that I’ll be selling it before spring comes back to NY. And that is why I can be bullish when I am on record as saying there will be no true bull market for many months to /br /I’m bullish and flat. Some might say the flat counts as bearish since it is a trading range that caps off the bear market. Semantics. The point is that I have a short-term and a long-term /br /To read the comments in various websites following my Dow 10,000 call you would think I am evil incarnate and lobotomized at the same time. Yes, I know the economy is stinko. Yes, I know there will be more /br /But guess what? The market moves to extremes in BOTH directions and the current rally is working off the extreme decline. I fully expect to be able to buy at today’s prices or even lower in a few /br /C’mon, Dow! Daddy needs to buy some holiday presents.