the first real sell off will be still bought...

So, now the first glimpse of sell off from last week was bought back up to a higher high, the next sell off will be also bought, perhaps to a higher high by luck, or a lower high by design. We just hit the red line for the first time on that chart (link below), it probably touches there yet again... Then comes the first noticeable sell off probably at the end of the week into next week where the short sellers will likely pile up a bit better, it will be also bought back up till the end of the month to squeeze them all, then it comes the real sell off from early May, it will be sold down there for the 16 wk low. In any case, I am inclined to play both ways for now, but I will probably buy the first 2-3 day sell off aggressively... [link to the chart]

Edited by arbman, 12 April 2010 - 03:12 PM.

Hmm!!! I got the market is trading on thin ice right here..... Global demand for products is shrinking. I have us currently selling hard for the next three weeks and possibly getting a bounce early the first week in May, if global demand stabilizes and does not shrink even further...... Barry

Hmm!!! I got the market is trading on thin ice right here..... Global demand for products is shrinking. I have us currently selling hard for the next three weeks and possibly getting a bounce early the first week in May, if global demand stabilizes and does not shrink even further......

Barry

I see nothing that really correlates in between the economy and the markets right now, how about that?!?

I see nothing that really correlates in between the economy and the markets right now,

Do you ever?

Fib

I see nothing that really correlates in between the economy and the markets right now,

Do you ever?

Fib

Sometimes from the middle till the end of expansions and contractions due to the compounding effect in the money supply with a lag...