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Strategies & Market Trends : Longer-Term Market Trends -- Ignore unavailable to you. Want to Upgrade?

To: NOW who wrote (895)	6/11/2008 3:47:23 PM
From: AllansAlias	Read Replies (2) \| Respond to of 3209

Not into falling knives. I wouldn't touch 'em. To me, it is no different than the people I see trying to catch the top in commodity charts. In parabolic up you wait for it to break, then bite out the middle, so on the downside parabolic, you wait for a really noticeable price expansion to the upside imho. The bear map is working so far. As such, I think one must consider the risk to be to the downside all round, not the upside. A much smarter trade imo is to find charts that are looking like they are only now rolling over. As they say, "A falling tide sinks all boats." Another way to look at it is: Banks are back to about where they were in the early 2000's. Are they in as good a shape as they were back then?