SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Waiting for the big Kahuna
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Real Man who wrote (89528)8/8/2009 6:18:57 AM
From: GROUND ZERO™1 Recommendation  Read Replies (6) of 94695
 
Below is a picture of the SP cash chart. Notice the market bottom in 2003 and now. Notice the current breadth momentum indicator is extremely overbought as it was in 2003. In a normal market, that would be a warning that a correction is coming. But not when the bull market is first beginning. This index is showing that there is a very strong buying impulse that is driving prices higher. This is why the market looks like a runaway market, because it is.



Also, look at the next picture showing the percentage of SP stocks above it's 200 day exponential moving average. Notice the lows in 2003 and today. I think we're now witnessing the birth of a new bull market, this is not a bear bounce, and this explains why the last two sell signals didn't hold. There are powerful forces driving this market higher. It may be the liquidity the Fed is creating, but whatever, this market is going significantly higher from here.



GZ
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News