Sig,
It's too bad we have to watch the TV shows just to keep up with the rumors they keep reporting over and over again, but we have to.
I know that some don't believe in charts, I just really use them for the moneyflow indication. I watch all the indexes, and during this whole hoopla, it seems that some were still buying in. Amazing, the world was coming to an end, yet the indexes was showing positive moneyflow, meaning at the lows for the day, buying.
Let me see if I can figure this out? Rumors=buying. The more the rumors, the more the buying in at the low.
I noticed today that the press release out of Japan telling us that yes they will add liquidity, and cover any losses, was pretty well ignored by the TV shows. They are still talking the same stuff, what if Japan sells their securities? So, there should be more buying.
Just a thought about are we at the bottom? Could be. |
