Saturday, August 13, 2011

DID THE MARKET PUT IN A BOTTOM THIS WEEK?

Briefly the window IS open for that possibility. A FLURRY of 90% down days followed by a 90% up, then down and up again 90% day. SO were the 2 90% up volume days PROOF of renewed investor demand? I would say 100% yes, had a 90% down volume day been sandwhiched in between.

If you must invest here, a measured approach may work best, dipping in a toe at a time vs all in, IMHO

Are we now going sideways betwee 1100 and 1200 on the S&P? That could be too as we work off oversold condition, nothing too much fundamentally has changed, though the bulls point to retail sales as proof all is OK, not as bad as it seems. Then what about the lowest reading for Consumer Confidence in 30 years?

It's never supposed to be too easy at major turning points. Was market brough to the brink of a new bear market to be saved at last moment?

What about the fact NO BULL MKT has ever had 2 10% PLUS corrections in it? We will know more straight ahead, and we have parameters to judge

D

No comments: