Little Joe & nspolar,
Also indicating things have changed, the uptrend in highs:lows from the July-Oct '02 lows has clearly broken down, but the spike that would prove a bottom is still a few weeks off, assuming the power down trend holds:
stockcharts.com[g,a]dbhlnyay[df][pc20!c20][vc60][J7903903,Y]&pref=G
Importantly, a little froth has come off bullish%, indicating a trend change in sentiment, but a bottom is still far, far away:
stockcharts.com[h,a]daclyyay[df][pb50!b200!c20!f][vc60][ill14!la12,26,9][J6581246,Y]&pref=G
Aside from e-wave counts (which can always change), I'd sure welcome evidence showing that there is a better time to buy inverse funds, puts, and shorts.
nspolar, are the Rydex boys telling you anything worthwhile?
crusty |
