Saturday, October 01, 2011

BEAR MARKET TAKES HOLD

The diving 50 day moving average has repelled rally, and is exerting its presence. The price action looks to me to be a CONSOLIDATION of the decline, not a basing for a new move up.

The sideways price movement is going to break, and I think it will be to the downside, when that happens, selling may intensify and really rock investors just sitting and watching. For months I have suggested taking some off the table and for me that's 100% out of the market. I was also one of the first to suggest the bear market has returned.

Life goes on, and you try to make the best of it, say positive on LIFE by all means, just don't be a patsy for those who play you for a lemming, or the last handoff in a Ponzi scheme and pyramid scheme...the game of musical chairs known as the stock market.

Like any gaming scheme, the insiders (house) almost always wins.....you are told everybody wins if they just STAY IN. When is the last time a Financial Advisor told you to sell?

D

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