Buy and Sell Signals, and Other Market Perspectives Message Board

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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives

SPY 693.77

-0.2%

Jan 13 4:00 PM EST

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To: ecrire who wrote (23896)	8/20/2011 11:24:19 AM
From: fred woodall	2 Recommendations Read Replies (2) of 221753

We had positive news on delinquencies Friday. Besides printing, (destroy the dollar and open up a hornets’ nest of political and social unrest) where would that tidbit of good news come from in a consumer driven economy? QE3 will destroy us but I suppose that is the goal. Being a forward indicator I do notice this market closes down at or near its low every down day. With the daily charts now bearish there is no hurry to start buying and with that approach who cares where the bottom is? Start buying on the way up.

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