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Strategies & Market Trends : Peabody Coal vanguard retirement forum
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From: MACD X11/28/2008 5:36:52 PM
   of 75
 
11 28 08 remain in the recommended investment

stockcharts.com

Above is the funds available to us and it appears that the market has bottomed and stocks should start an upward move.

This doesnt mean the bear market is over, just that a counter rally is about to unfold.

We are currently about 200 dow points below were we entered and my best guess would be that the market would give back about 1/2 of what was lost before starting another down move.

At some point I may call to exit when and if we get into this area as we will have profits to bank in this bear market.

Time cycles warn that a 2010 bottom may happen.

But for now we have entered against the whole meaning of this site and that is to follow the trend and the trend is down. All the things that we watch (blue line over the red line, moving averages) are bearish and not recommending to enter here.

Those that follow this site must realize that I am trying to pick up a few points in a bear market. Very risky buisness indeed. But so far we are all right, thanks for the confidence.

Now that we are in we need to watch the charts and see when price gets close the the blue and red lines this is when a down move may take place, I think that price will reach the upper channel lines that are on all the charts before the down move will take place, but this is only speculation and who knows.

What is on the charts is a reversal week, this is when price ends up higher than the start of the previous week. In all charts this is the case and the market should be up for several weeks starting now..
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