| StockFetcher Forums · General Discussion · Bear market ??? | << 1 2 3 4 5 ... 7 >>Post Follow-up |
| johnpaulca 12,036 posts msg #58796 - Ignore johnpaulca |
1/7/2008 4:00:55 PM Just back from vacation...happy Holidays to everyone. First, I got stopped out of every stock except for my shorts which helped cushioned the blow. Was doing some reading this morning and the "Gurus" are already talking beginning of a Bear market. I leave for a week and now we are in a bear market...WTF. |
| luc1grunt 622 posts msg #58810 - Ignore luc1grunt |
1/7/2008 7:40:10 PM Wait till the first big bounce and CNBC will be cheerleading "the correction's over....14,500 here we come". Rah, rah! |
| nikoschopen 2,824 posts msg #58812 - Ignore nikoschopen |
1/7/2008 8:17:24 PM It ain't just another freaking coincidence if you ask me. We broke below the major trendline that dates back to the start of the 2003 bull market. This is serious biz. S&P500 5-Year Weekly  |
| maxreturn 745 posts msg #58814 - Ignore maxreturn |
1/7/2008 8:56:19 PM Serious support levels around 1375 for the SPX. If those levels are broken and price starts finding resistance on rallies to a declining ema(200) then we're in a LT bear market. |
| curmudgeon 103 posts msg #58815 - Ignore curmudgeon |
1/7/2008 9:28:38 PM Pretty much all the economists blogs I read are now talking how bad...not if we are in a recession. Commercial real estate, consumer/credit cards and auto loans delinquencies are rising. I guess Doug Kass gets it right at least once a decade. What is different this time is the solvency of the banking system is in doubt. The derivative WMD's may be about to drop a black swan on us. Privatize the profits, socialize the risk. MF's need to be executed. |
| fokane 74 posts msg #58855 - Ignore fokane |
1/9/2008 4:26:39 PM Seen a lot of good opportunities today but cant pull the trigger. Just dont know what this market is doing!!! |
| johnpaulca 12,036 posts msg #58856 - Ignore johnpaulca |
1/9/2008 4:38:55 PM Fokane...don't be fooled by this afternoon action...bears still control this market i.e Niko....sorry for the dig Niko...lol |
| nikoschopen 2,824 posts msg #58857 - Ignore nikoschopen |
1/9/2008 4:51:01 PM Well. well. LOL If I may chime in my otherwise worthless 2-cents, the market will most likely retest the trendline that was broken 3 days ago (the red line in the chart above). That's when you'll want to load up and go short. For the time being, I urge patience. If ure even remotely affiliated with anyone named "Mary2Poorhouse", discard what I said and instead shoot ureself in the head. |
| nikoschopen 2,824 posts msg #58886 - Ignore nikoschopen |
1/10/2008 2:48:33 PM No need to thank me for saving ure hide from this short-covering rally. lol Happy trading! |
| EWZuber 1,373 posts msg #58890 - Ignore EWZuber modified |
1/10/2008 4:44:51 PM nikoschopen, Looks like SPX closed dead on that trendline today. I agree, this is just a temporary oversold bounce. Weekly Charts do not appear to be done with this distribution phase. I suspect index Daily Charts will test resiatance around their 10 DMA's and confirm them as resistance. |
| StockFetcher Forums · General Discussion · Bear market ??? | << 1 2 3 4 5 ... 7 >>Post Follow-up |