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Strategies & Market Trends : The coming US dollar crisis

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To: Real Man who wrote (12710)10/8/2008 10:45:16 PM
From: Don Earl2 Recommendations  Read Replies (1) of 71452
 
RE: "I am in panic. Visions of great depression and stuff. That too means bottom.

When panic hit the market in 1929, and the market crashed, it was over two years before the market hit bottom. When you see the number of people standing in line for a bowl of soup start to decrease, the bottom should be fairly close.

RE: "Technicals suggest a bottom to be made shortly if not already."

A bottom and a dead cat bounce are not the same thing. At the same time, dead cat bounces are usually caused by short players taking profits. With the recent short ban, there may not be many traders with a good reason to buy stock other than a compulsive need to lose money.
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