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Strategies & Market Trends : Longer-Term Market Trends

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To: AllansAlias who wrote (420)5/9/2008 1:45:39 PM
From: skinowski  Read Replies (2) of 3209
 
I'm shocked how little I have to say lately..... -g.

Fwiw, as of yesterday the 12,26,9 MACD lines made a bearish crossover, which around this time of the year tends to usher in the less than bullish seasonality.

Where do we stand? Some sectors, notoriously the financials, look ready to roll over. I'd like to see more bullish exuberance, however as I recall, some important bear market rally tops - like in May of 2001 and then in 2002 - rolled over softly, without any real fireworks. We may enter the next leg of this bear market with no bells ringing.

(That said, QID wiggles off the low so far look so corrective it's not even funny.... -g).
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