Randy,
As the bear gradually takes the helm, bearish posters, which were confined to their corner (Kahuna) during the bull, start spreading their posts around. My posts on Idea surely cannot be considered bullish, same can be said on Mohan's posts here.
It looks as though the bearish sentiment, or at least caution, is starting to root itself in investors' hearts, and the bears are gaining confidence.
After looking at Globex this morning I can say I'm even more confident in my extremely bearish position.
Retest of the lows sounds to me like bulls patting themselves on the back for not selling yet. Those will panic sell when they'll find that the market is headed for new lows, after retest of the low would fail.
Anyway, the lows were reached under heavy exogenic pressure and panic sales, and under normal circumstances shouldn't be reached again.
The bulls called the October panic a V correction too soon. Are they going to call it a W now?
The bull died on Aug 6th, and now that the body starts to smell, it draws people's attention.
ATG |
