Bill - the problem is - right now it's too late to buy for a two week rally, and too early for a two month rally - based on TA.
Based on general world situation, and the fact that the EURO markets (with population and GDP more than US, and total market cap not much different) are down average of 28% off peak; and Japan being down comparable off the spring this year peak, UK, Canada, Australia off 26%, LatAm and Asia in toilet - IMO any uptick to DJIA 8,500 or 8,600 will be met with overwhelming selling - JMO.
And, if the DJIA does not uptick above 8k much, massive selling will commence very soon anyway ... the sellers are just waiting, hopping for better prices. |
