Thanks keith, that's good info IMO. Here's a few things I look for to signal a GOOD bottom:
1. Trimtabs thinks we've washed out, (they called it, end of March, I would give you the link, but now their links don't go back that far to show you).
2. Some talking heads capitulate, (Walberg did, I think on 3/28, selling CHKP, QLGC, I think, whatever it was, can't get back to the link now to show you).
3. Heavy, panic like, get me out at any price, selling and volume.
4. Barton Biggs called the bottom, end of March, and the percentage move up, I think Meehan called the rally too.
At the present time, I don't see any of these things happening, I'm afraid to say.
But, I think we'll get a short term bounce here soon, especially with the Arms index signalling, VIX shooting up, put/call high, etc., and I think it will be shorted down, IMO.
Oh and by the way, Trimtabs 9/3, they sold their S&P long futures, and shorted the Nasdaq 100 futures. |
