1 reply to this topic

[mss]

I still think we get a small bounce but after that it looks bad, unless.......

[PorkLoin]

Hey mss, I think it indeed does look "bad," at least for the bulls, on balance (and you made a good forecast on July 17). Methinks we saw a decent short-term low this week, and after what I assume will be a corrective bounce higher, a good low-risk selling opportunity would again be at hand. Seems to me the bullish promise of the chart patterns and the momentum indicators, etc., that we saw after the May low has been pretty well quashed. I remain long-term fully short. If we get a three-wave or otherwise corrective-looking move up or sideways after this week's low, I'd be tempted to load the boat short, with tight stops. Best, Doug