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Pastimes : The Philosophical Porch -- Ignore unavailable to you. Want to Upgrade?

To: MythMan who wrote (5662)5/7/2010 8:07:24 AM
From: Rarebird  Respond to of 26251
 
I expect to see a base-building process begin pretty soon and a short-covering rally to let the bulls out at better prices going into the May 20 top. At this point, there's less chance that the market will actually revisit the highs, but stranger things have happened before to say it's impossible. The best place to sell stocks short should be on the way real soon now.



To: MythMan who wrote (5662)7/26/2010 12:39:11 PM
From: Rarebird  Read Replies (1) | Respond to of 26251
 
As you may know, I've been calling for new (52 week) marginal highs in the blue chips (Dow, S&P 500) while the broad market lags behind and shows bearish divergences as late August approaches (26th). I see no reason to change my view that the best profit opportunity of the year is coming on the short side.
The calm (eye of the hurricane) before the violent storm is here.


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