This now the second runners up doing some bull baiting and waving a red cape around.
Not only has the FAT lady sung - The Bull bait ballad
Started by
zedor
, Jul 23 2007 10:41 AM
4 replies to this topic
#2
NAV
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Posted 23 July 2007 - 11:04 AM
Was 7/16 another generational top ? 
#3
zedor
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Posted 23 July 2007 - 11:35 AM
Was 7/16 another generational top ?
All part of the topping formation.
Start of May saw the momentum top the rest here is on fumes.
But as far as 7/16 that could be THE day but when you talk about a generational top +/- 2 months is not a lot. But since May when I first called it, the situation has steadily deteriorated with a few stocks having been used to kite the major averages.
Generational by definition is a long term top not a day trading top with options with 3 days of time value left.
Since July 16 nothing is indicative of more highs or a bull market. The BEAR MARKET is underway in my view.
#4
selecto
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Posted 23 July 2007 - 01:08 PM
"Since July 16 nothing is indicative of more highs."
Except price.
#5
zedor
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Posted 23 July 2007 - 01:26 PM
"Since July 16 nothing is indicative of more highs."
Except price.
Please explain this comment of yours. Since the following indexes are all lower today than on July 16. The person asked about July 16.
NDX
Dow Industrials
Nasdaq
Russel
NYA
Dow Transports.
SPX
OEX
