Contrarian market commentary and economic postings.
Friday, February 04, 2011
END OF THE WEEK SPX CHART
TOP (circled) reading on SPX shows (circled blue) descending CCI momentum.......1325 isone top count I've read on SPX, but we are STILL set up for a correction, as rally DOES continue but gets more narrowly focussed.
You can fool most of the people most of the time......someone sent this sentiment...."if you are in a casino and game is rigged, bet with the house"....some truth there.
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I have been writing about stocks and the market since the late 90's. My record of calling the last 2 , now maybe 3 bear markets stands. There is more to investing than just avoiding bear markets, but it sure doesn't hurt. I offer NO recommendation to buy or sell equities or trade any vehicle...I just offer my opinion for what it's worth. Consult with your financial advisor before taking any actions. this financial blog is for amusement only.
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