suckers rally
Increasing Evidence The Stock Market Is Creating An Intermediate Term Bottom - Find Out How To Make Money In This Environment
Wednesday, March 19th, 2008Evidence is increasing in the stock market that recent price action could be creating an intermediate bottom that could lead to a tradeable bullish bounce.
Recent strength in several market groups that helped pull prices down last year are displaying increasing relative strength over the recent weeks. These groups include the transports, retailer, homebuilders, small and […]
Stock Market Looks for a Bullish Breakout
Monday, February 25th, 2008It has often said that the stock market will always act to make fools out of the greatest number of people.
It appears that the breakout from the symmetrical triangle I have spoken about frequently may be to the upside - not the downside as many (including me) had been expecting.
Readers of this web-site will appreciate […]
Big Stock Market Players Resume Tactic of Selling Into Strength
Friday, January 25th, 2008Yesterday I wrote a post that discussed a foundation for a tradeable bounce and because of that analysis I recommended taking long positions in this market.
Painfully obvious in today’s trading action was that the big players in this market have resumed their stance of selling into any scrap of strength.
Click on the chart below and […]
Stock market tradeable bounce or a suckers rally?
Wednesday, January 9th, 2008The stock market was slowly spiraling into another abyss - which would have been the 6th day of huge losses out of the last 9 trading days - until the floor traders returned from lunch. (We need to feed them more of what they had today!).
All joking aside, around 2:30 in the afternoon the stock […]
