2 replies to this topic

[Vector]

http://stockcharts.com/h-sc/ui?s=$CPC...id=p91997617787

more downside (we're 80% there already) then IT bottom starts forming...rinse and repeat

odd lotters selling like there's no tomorrow!

Edited by Vector, 05 March 2007 - 11:03 PM.

[arbman]

I agree, the bearishness is now rampant. I will buy the first pull back from the open. I have no clue what it will bring, it could be a 1-day bounce or 2-3 day rally. Essentially, I am willing to give up on further downside projections if the rally shows some considerable strength. When the NYSI is so high and declines so fast for the first time, the prices usually recover very rapidly on a bounce. Currently, the momentum of the A/D is off the charts. Similarly, when the momentum of the up-down volume to the total volume ratio is so out of the charts, usually the months ahead has been continued corrective, but there has been a very sharp rally first. I don't think the new highs will be hit, I think the indices will stop before the mega gap down from Feb 28th. But that's a lot of rally. These will be trading positions for me, I do not believe a significant IT uptrend is possible with this kind of damage, but a trading range for the next few weeks to months... - kisa

Edited by kisacik, 06 March 2007 - 03:07 AM.

[Vector]

I can't fathom it either but I've learned over the years that what I can't fathom happens, the market is one twisted SOB

Edited by Vector, 06 March 2007 - 07:46 AM.