Well there's a major Bradley turn date in December. Personally I'm hoping its an up, I just can't quite figure how we get from here to there time/price wise. Obviously its a bit early to be the start of a new decade bull. I have some counts and comparisons that suggest we bottom in first qtr 2010. Also, as each decade has a sector that bubbles up, I'm trying to figure out what it might be. I just find it difficult to believe we'd be in a funk till then - though if I think about the present situ, it isn't difficult. Fiat currency, bailing out banks, corruption at all levels, massive debt and trade imbalance, a government that overspends and can't possibly meet its commitments, and something I haven't seen before which is my main worry, an increasingly unhappy social climate. Heck the USA sounds like a South American country a decade or so ago(except we only recognise monetary inflation, and not price) What happened?
Anyway, these kind of thoughts usually turn up at bottoms. And tomorrow it is far better if the market tanks and recovers than the other way around. Committed buyers have been scarce - mostly traders and short covering. Time to watch at what price they turn up. A ST bottom price has been established, a quick higher low on a bigger volume recovery would make people far more confident. Frankly the Friday trade was the most contrived bottom I have ever seen. But volume can follow price, and moneyflows into stocks are far more important than current fundementals, so I guess we'll see. For the record I've missed every major bottom - in fact I sold at the very bottom of the Asia crisis. Fortunately as the portfolio contained big positions in LU and WCOM, I can look on it with less regret- LOL.
Anyway, as always, good luck to us all.
And I have to say this is the strangest epicentre of a primary 3 up we'll ever experience - dig - LOL
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