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Strategies & Market Trends : Bob Brinker: Market Savant & Radio Host -- Ignore unavailable to you. Want to Upgrade?


To: Investor2 who wrote (41032)12/1/2008 9:00:37 PM
From: Kirk ©  Read Replies (1) | Respond to of 42834
 
Re: "After looking at the 2002/2003 charts a little more, I think he'll stay with dollar-cost-averaging unless the market drops down into a successful retest of the 850 area."
So much for a successful retest of the 850 area.
Best wishes,
I2


It still has a chance to stay bullish as long was we don't make a lower low.

Nice candle that looks like a reverse of the fall to the low from 1007.51 to 741.02.



The mirror recovery is a down day similar to the candle with the tail at 810.69. I was too busy with family stuff Friday to take profits... shoulda cudda... but if I had, I'd look to buy back the shares on any weakness early tomorrow before "turn-a-round" Tuesday perhaps saves the new bull market.

Hope you had a good Thanksgiving. I did.

K