Captaintime:
I haven't been ignoring your question, it's just that not only do I not have an answer, I don't even have a guess. It was much easier to see a correction coming in late June, all through July and all through August. Sooooo easy, but it never came, as the averages just stayed locked where they are. In the meantime individual names have given lots of opportunities for profit.
The indicators all seem to say a correction is coming, has been coming, will soon come--but at a certain point you have to pull back and say, not "it's different this time," (the most dangerous words in the English language), but ask "how might it be different this time?"
VIX, VXN, COTs, all have been whispering for a correction, as does this chart:
stockcharts.com[w,a]daclniay[de][pf][vc60]&pref=G
And this one:
stockcharts.com[w,a]daclniay[de][pf][vc60]&pref=G
And this one:
stockcharts.com[w,a]daclniay[de][pf][vc60]&pref=G
Yet I can't tell you that the market won't rise from here.
Kb |
