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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: ajtj99 who wrote (87816)	10/6/2008 9:03:32 PM
From: SouthFloridaGuy	Read Replies (2) \| Respond to of 116555

I'd rather use the S&P due to its breadth. Bloomberg has a function called TRADPAUS (stocks under 200 day MA) which I like to use to at least signify short-term bottoms. On Friday it was the lowest I had ever seen - something like 12% of stocks above 200 day Moving Average. Then came today. Add to that S&P500 weekly RSI hitting 20 early afternoon... Immense fear. Complete ignorance of TARP which despite what the pundits say, will at the very least alleviate fear in inter-bank lending. Rate cuts coming very soon. Cramer Bearish!!! There are the makings of a powder keg, especially in International stocks which have been unfairly beaten.