well bear klown fans, they pulled em back on the boogie rallie, but the bulls bought the dip today taking some of the mo out of the bears.
We at bear klown central believe that we made some kinda brooke bashin bobby bottom last week, rydex levels not to far off full boogie terrorism panic in sept.
since they drove old nasdaq down, into the april 01 lows it's been a tilt-a-whirl, while bearish sentiment was benign until just a few weeks before that low, this trading range since, has enlisted legions into the bear army, "be all the bearish that you can be"
While nobody has a clearer picture on the economy and the markets, than miss cleo or the clown free zone,
trends in place can be strong:
We at the friends of bear klowns thread, think it may be hard to recreate another parabolic leg down in the bear market (that all the bears are horny for now and major major predictions of 4000-6000), in comparison to the leg down from march 00 to apr 01, after this short a consolidation, that is unless we get a retro, oil embargo, or some other such market moving event.
stockcharts.com
we are either making a 4th wave consolidation below support (which look most interesting when you look at dow & spx elliot counts), or last week was a bottom for a more lasting rally, a break above 1700 would be bullish.
the e-z big gains for bears klowns were made during the parabolic from sept 00 to april 01, i doubt they will not be able to recreate that experience, going forward.
klowns, bullish and bearish will be destroyed. |
