US $ has been soaring. MKT STATS....97% DOWN VOLUME 90% down days can be followed by a few days of relief rally....should not the market rally with oversold condition lookout.
Is up move OVER from MArch? I would consider that a distinct possibility, not many are calling for that, but I am getting some initial TA that shows that potential exists.....see recent chart.
Duratek
2 comments:
Ok, so we who knows how far we go down far from here. The point is, you were bearish for the entire rise so you missed the rally. Please don't mistake my comments for disparaging. I really do enjoy your blog as I read it everyday. However; if you are an economist, it's one thing. If you are a speculator/trader, it's another.
My comments then and now ring true, the fact they manipulated the market when nothing has changed is out of my hands.
I don't list my trades usually so you don't know if I was ever long during this time, but you DO KNOW I have shorted from time to time and you DO know I was warning at 1150 SPX the day before decline began.
Most of my arguments are fundamental, you notice lately I am trying to post MORE charts....maybe a few less rants.
My TA did tell me a bottom was possible in March, for personal reasons I chose to disregard, my day to day business is retail office furniture and I focusses most of my attention trying to survive....what I gained in the
90's and thru last 2 bear is mostly intact!
STict with me...There are just some rallies I am not interested in, we are near financial armageddon, not a time to get too cute.....RR said it best "In bear mkts everyone loses, you win by losing the least"...or something like that.
Post a Comment