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Pastimes : The Justa and Lars Honors Bob Brinker Investment Club Thread -- Ignore unavailable to you. Want to Upgrade?


To: Investor2 who wrote (5375)7/6/2010 11:55:40 PM
From: marc ultra4 Recommendations  Read Replies (2) | Respond to of 10065
 
<I'm starting to get a little nervous with the market, based on a technical perspective. I see too many charts that look like they're breaking down.

Charts are always breaking down and technicians are always getting very bearish at a bottom. After all a lot of TA is following trends and at bottoms or tops you have a trend reversal.

What I think is interesting is just now that Bob went on a buy signal I see Doug Kass has now just turned extremely bullish. He was short during the 2008 bear and became bullish right at the bottom. He did screw up by turning bearish far too early after that but he is mainly a short seller so it's notable when he becomes very bullish.