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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: mishedlo who wrote (21778)1/19/2005 5:45:35 PM
From: SouthFloridaGuy   of 116555
 
It's funny, but almost every technical chart I have seen over the least few months has been bearish. In fact, the negative technicals began in the Spring, but did not manifest until the post-election Bush B.S. rally.

Ironically the homebuilders actually look bullish, but sticking a bit of contrarian logic, the charts have gone parabolic - usually the signal that the move has ended. Put buying may actually be a more prudent strategy in that space.

I think this is the shorting opportunity of a lifetime, second only to 1929.
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