Contrarian market commentary and economic postings.
Monday, August 08, 2011
HOW A TOP IS FORMED?
3 lower highs over months, then nasty break down, below 200 day moving avg. A 50/200 cross is imminent, and if both the 50 and 200 continue down on same trajectory, that is essence of a bear.
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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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