Saturday, January 29, 2011

CURRENT BULL MARKET


Reacpturing the 50 month seals the deal for me, and test. Downtrend line broken too....the FED stoked this sucker and the move is historic in nature. At 0% MM funds and near 0% Bond yields you can't live on, most have been pulled out from their hiding places and forced into risky asset classes....you know stocks for the long term... (last 10 years of going nowhere).
High volume on initial 2009 break out states the case for PANIC BUYING....you find near lows.
You don't SHORT stocks in a VIX (volatility) downtrend friends...and most of you should never do so anyway.
This is just ONE of my views (charts), and it would take a move below the 50 Month for me or another decline of 10% or more to verify Secular Bear is back....among other things.
How can anyone look at current action and see bearish activity? COMPARE to the 1999-2003 monthly chart below this.
I'm not chasing current rally, but do think its probably not done yet too.

D

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